SELX

Nasdaq Compliance Notification: Semilux International Ltd. received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its shares traded below $1.00 for 30 consecutive business days.

Compliance Period: The company has a 180-day compliance period until May 11, 2026, to regain compliance by maintaining a share price of at least $1.00 for 10 consecutive business days.

Potential Actions: Semilux is considering options to regain compliance, including the possibility of implementing a reverse stock split.

Company Overview: Semilux operates through its subsidiary Taiwan Color Optics, Inc., focusing on optical and 3D sensing technology for various industries, including automotive and unmanned aerial vehicles.

Delinquency Notification: Semilux International Ltd. received a notification from Nasdaq for failing to file its annual report on time, which puts it out of compliance with Nasdaq Listing Rule 5250(c)(1). The company has 60 days to submit a compliance plan and may receive an extension of up to 180 days to regain compliance.

Impact on Listing: Although the delinquency notification does not immediately affect the listing of Semilux's shares on the Nasdaq Capital Market, the delay in filing is due to the need for additional time to finalize financial statements and prepare the annual report.

Delinquency Notification: Semilux International Ltd. received a notification from Nasdaq stating it is not in compliance with listing rules due to the failure to file its annual report for 2024 on time, and has 60 days to submit a plan for regaining compliance.

Company Operations: Semilux operates through its subsidiary Taiwan Color Optics, focusing on optical and 3D sensing technology for various industries, including autonomous driving and intelligent lighting, while working to finalize its overdue annual report.