Semilux Fails Nasdaq Bid Price Requirement, Receives 180-Day Compliance Period

Semilux International Ltd. (NASDAQ: SELX) has received a notification from Nasdaq regarding minimum bid price compliance. The company's ordinary shares have been below $1.00 per share for 30 consecutive business days. Semilux has a compliance period of 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement. If the company does not comply within the given timeframe, it may be eligible for additional time or consider implementing a reverse stock split.