GIBO Holdings Faces Nasdaq Delisting Due to Non-Compliance

GIBO Holdings has received a letter from Nasdaq notifying that the company is not in compliance with Nasdaq listing rules. As a result, the Nasdaq staff has determined to delist the company's securities. The exact reason for non-compliance is not specified in the article.

HONG KONG, Aug. 6, 2025 — GIBO Holdings Limited (GIBO), a unique and integrated AIGC animation streaming platform, has received a letter from The Nasdaq Stock Market LLC (Nasdaq) notifying that the company is not in compliance with Nasdaq listing rules [1]. As a result, the Nasdaq staff has determined to delist the company's securities from The Nasdaq Global Market.

The exact reason for non-compliance is not specified in the article, but it is understood that GIBO's securities had a closing bid price of $0.10 or less for the last ten consecutive trading days, which violates Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the "Low Priced Stocks Rule"). Additionally, the bid price of the company's Class A ordinary shares had closed at less than $1 per share over the previous 30 consecutive business days, violating Listing Rule 5450(a)(1) (the "Rule") [1].

GIBO has been provided until August 11, 2025, to request an appeal of the delisting determination to the Hearings Panel. If the company fails to request an appeal by this date, trading of its securities will be suspended at the opening of business on August 13, 2025, and a Form 25-NSE will be filed with the SEC, which will remove the company's securities from listing and registration on The Nasdaq Stock Market [1].

GIBO intends to request such a hearing to appeal the delisting determination before August 11, 2025, which will stay the suspension of the company's securities and the filing of the Form 25-NSE pending the Panel's decision. The company is considering all potential options available to it to regain compliance with the aforementioned rules, including seeking shareholders' approval for a reverse stock split [1].

GIBO Holdings Limited is a unique and integrated AIGC animation streaming platform with extensive functionalities provided to both viewers and creators that serves a broad community of young people across Asia to create, publish, share, and enjoy AI-generated animation video content. With approximately 86 million registered users and advanced AI-powered tools, GIBO seeks to revolutionize content creation and consumption through AI [1].

References
[1] https://www.morningstar.com/news/pr-newswire/20250806cn45416/gibo-holdings-limited-announces-receipt-of-nasdaq-delisting-notice-subject-to-hearing-request
[2] https://seekingalpha.com/news/4479930-gibo-holdings-receives-nasdaq-delisting-notice
[3] https://finance.yahoo.com/news/gibo-holdings-limited-announces-receipt-100000585.html