Global Engine Group Holding Limited Receives Nasdaq Minimum Bid Price Deficiency Notice; 180-Day Compliance Period Begins

Global Engine Group Holding Limited, a Hong Kong-headquartered ICT solutions provider, has received a notice from Nasdaq stating that it is not in compliance with the minimum bid price requirement of $1 per share. The company has 180 calendar days to regain compliance, which can be achieved by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days. The company is evaluating options to regain compliance, including a reverse stock split, but there is no assurance it will succeed.