Intercont (NCT) Receives Nasdaq Notification for Non-Compliance with $1 Minimum Bid Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2025
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Source: Globenewswire
- Compliance Notification: On December 15, 2025, Intercont received a notification from Nasdaq due to its ordinary shares closing below $1 for 30 consecutive business days from October 31 to December 12, indicating compliance risk.
- Compliance Period Established: The company has a compliance period of 180 days, until June 15, 2026, to restore its share price above $1 to avoid further listing risks.
- Potential Remedial Measures: If compliance is not regained within the period, the company may apply for an additional grace period but must meet other listing standards, potentially including a reverse stock split.
- Market Impact Assessment: While the notification does not affect the ongoing trading of the stock, it may negatively impact investor confidence, influencing the company's future financing and market performance.
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Analyst Views on NCT
About NCT
Intercont (Cayman) Ltd is an investment holding company mainly engaged in the international maritime transportation business. The Company is mainly engaged in the provision of time charter service. In addition, the Company is engaged in the provision of vessel management services. The Company operates its business in domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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