Fenbo Holdings Limited Receives Nasdaq Notification for Minimum Bid Price Shortfall
Nasdaq Compliance Notification: Fenbo Holdings Limited received a notification from Nasdaq stating that it no longer meets the minimum bid price requirement of $1 per share, based on its closing bid price over the last 30 business days.
Compliance Period Granted: The company has been given a compliance period of 180 days, until March 11, 2026, to regain compliance, with the possibility of an additional 180 days if certain conditions are met.
Regaining Compliance Efforts: Fenbo Holdings is currently evaluating options to regain compliance with Nasdaq's listing requirements and intends to take necessary actions, including a potential reverse stock split.
Company Background: Founded in 1993, Fenbo Holdings transitioned from toy manufacturing to producing personal care electric appliances, with a manufacturing capacity of over three million units per year.
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