GIBO Holdings Receives Nasdaq Delisting Determination Due to Low Bid Price

GIBO Holdings Limited, a unique AIGC animation streaming platform, has received a letter from Nasdaq stating that its securities are not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) due to a low closing bid price of $0.10 or less for the last ten consecutive trading days. Nasdaq has determined to delist the Company's securities from the Nasdaq Global Market. The Company has 180 calendar days to regain compliance with the Rule.

GIBO Holdings Limited, a unique AIGC animation streaming platform, has received a letter from Nasdaq stating that its securities are not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) due to a low closing bid price of $0.10 or less for the last ten consecutive trading days. Nasdaq has determined to delist the Company's securities from the Nasdaq Global Market. The Company has 180 calendar days to regain compliance with the Rule.

The letter from Nasdaq, dated August 4, 2025, indicates that GIBO Holdings Limited's Class A ordinary shares have closed at less than $1 per share over the previous 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1). As a result, the Company's securities are subject to the Low Priced Stocks Rule [1]. GIBO has until August 11, 2025, to request an appeal of the Delisting Determination to the Hearings Panel, which would stay the suspension of trading and the filing of Form 25-NSE pending the Panel's decision [1].

GIBO Holdings Limited operates an integrated AIGC animation streaming platform, serving a broad community of young people across Asia. The Company has approximately 86 million registered users and advanced AI-powered tools. Forward-looking statements include projections of market opportunity and expectations, as well as the Company's ability to scale and grow its business [1].

The Company is considering various options to regain compliance with the Nasdaq rules, including seeking shareholders' approval for a reverse stock split. A reverse stock split would reduce the number of outstanding shares, thereby increasing the price per share. GIBO Holdings Limited has until January 26, 2026, to regain compliance with the minimum bid price requirement, with the option to extend this period if certain conditions are met [2].

References:
[1] https://www.marketscreener.com/news/gibo-holdings-limited-announces-receipt-of-nasdaq-delisting-notice-subject-to-hearing-request-ce7c5ed9dd81f522
[2] https://www.investing.com/news/sec-filings/lakeside-holding-receives-nasdaq-notice-for-minimum-bid-price-noncompliance-93CH-4166691