Garden Stage Fails to Meet Nasdaq Minimum Bid Price Requirement

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 Nasdaq on September 5, 2025. The notice indicates that the company's shares have been trading below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). This rule requires listed securities to maintain a minimum bid price of $1.00 per share.

The notice provides that Garden Stage Limited has 180 calendar days, or until March 4, 2026, to regain compliance with the minimum bid price requirement. During this period, the company's ordinary shares will continue to trade uninterrupted on the Nasdaq under the ticker "GSIW." To regain compliance, the company's share price must close at $1.00 or higher for at least 10 consecutive business days before the deadline.

If Garden Stage Limited fails to meet this requirement by March 4, 2026, it may be eligible for additional time to regain compliance. To qualify, the company would need to meet all other Nasdaq Capital Market listing standards except for the minimum bid price requirement. This would require the company to formally notify Nasdaq of its intent to address the deficiency during the second compliance period.

The receipt of the notice has no immediate effect on the company's business operations or the listing of its ordinary shares. Garden Stage Limited is a financial services provider engaged in placing and underwriting services, securities dealing and brokerage services, asset management services, and investment advisory services. Its operation is carried out through its wholly-owned operating subsidiaries: I Win Securities Limited and I Win Asset Management Limited.

References:
1. [1] https://seekingalpha.com/news/4492935-garden-stage-receives-nasdaq-non-compliance-notice
2. [2] https://www.morningstar.com/news/globe-newswire/9524548/garden-stage-limited-announces-receipt-of-nasdaq-notification-letter-regarding-minimum-bid-price-deficiency
3. [3] https://www.stocktitan.net/news/GSIW/garden-stage-limited-announces-receipt-of-nasdaq-notification-letter-smgz99pisdlr.html