WF International Receives Nasdaq Notification for Non-Compliance with Minimum Bid Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: PRnewswire
- Stock Price Compliance Issue: WF International received a notification from Nasdaq due to its ordinary shares closing below $1 for 33 consecutive business days, indicating compliance pressure that may affect investor confidence.
- Compliance Period Established: The company has a 180-day compliance period until June 22, 2026, to regain compliance by achieving a share price of at least $1, highlighting the need for strategic actions to avoid delisting risks.
- Potential Reverse Stock Split: If compliance is not regained within the period, the company may need to consider a reverse stock split, which could impact existing shareholders' equity and market perception.
- Market Environment Challenges: WF International faces competitive pressures and economic fluctuations in its high-end projects in Sichuan, necessitating strengthened business strategies to maintain market position and customer trust.
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About WXM
WF International Ltd is a holding company principally engaged in the provision of supply, installation, fitting-out and maintenance services for heating, ventilation and air conditioning (HVAC) system, floor heating systems and water purification systems. The Company’s main businesses include construction projects (including equipment sales and installation services), sales of air-conditioning products and water purification products, as well as installation, maintenance and repair services. The Company provides services for HVAC systems for large-scaled commercial projects consisting of offices, hotels, manufactures, airports and hospitals. The Company mainly conducts businesses within the domestic market.
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.
