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Garden Stage Fails to Meet Nasdaq Minimum Bid Price Requirement
ByAinvest
Monday, Sep 8, 2025 2:21 am ET1min read
Garden Stage (NASDAQ:GSIW) has received a non-compliance notice from Nasdaq due to its shares being below $1.00 per share for 30 consecutive business days. The company has 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
Garden Stage Limited (NASDAQ: GSIW), a Hong Kong-based financial services provider, has received a delinquency notification letter from the Nasdaq Stock Market LLC, indicating non-compliance with the minimum bid price requirement. The company's ordinary shares have traded below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2) [1].The notice, received on September 5, 2025, provides that Garden Stage has 180 calendar days, or until March 4, 2026, to regain compliance with the minimum bid price requirement [1]. This means the company's shares must close at or above $1.00 per share for at least 10 consecutive business days before the deadline to avoid potential delisting [1].
The receipt of the notice has no immediate effect on Garden Stage's business operations or the listing of its ordinary shares, which will continue to trade uninterrupted on the Nasdaq under the ticker "GSIW" [1]. If Garden Stage fails to meet the compliance requirement by the deadline, it may be eligible for an additional compliance period if it meets all other Nasdaq Capital Market listing standards except the bid price requirement [1].
Garden Stage Limited operates through its wholly-owned Operating Subsidiaries, I Win Securities Limited and I Win Asset Management Limited, offering placing and underwriting services, securities dealing and brokerage services, asset management services, and investment advisory services [1].
For more information, please contact:
Garden Stage Limited
Chan Sze Ho
Chief Executive Officer
Email: rickychan@iwinsec.com
Tel: (852) 2688 6333
References:
[1] https://www.morningstar.com/news/globe-newswire/9524548/garden-stage-limited-announces-receipt-of-nasdaq-notification-letter-regarding-minimum-bid-price-deficiency
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