GIBO Holdings Limited Receives Nasdaq Delisting Notice Due to Low Priced Stocks Rule

GIBO Holdings Limited has received a Nasdaq delisting notice due to non-compliance with the Low Priced Stocks Rule. The company's securities have closed at $0.10 or less for the last ten consecutive trading days. GIBO intends to request a hearing to appeal the decision and is considering options to regain compliance with the rules.

GIBO Holdings Limited (NASDAQ: GIBO), an AIGC animation streaming platform, has received a Nasdaq delisting notice due to non-compliance with the Low Priced Stocks Rule. The company's securities have closed at $0.10 or less for the last ten consecutive trading days, violating Nasdaq's listing requirements [1].

The Low Priced Stocks Rule (5810(c)(3)(A)(iii)) states that if a stock trades below $0.10 for ten consecutive trading days, it is subject to delisting. Additionally, GIBO has failed to maintain the minimum $1 per share requirement (Rule 5450(a)(1)) for 30 consecutive business days, further exacerbating its situation [1].

GIBO has until August 11, 2025, to request a hearing before the Nasdaq Hearings Panel to appeal the delisting determination. Without an appeal, trading will be suspended on August 13, 2025. The company plans to appeal and is considering options including a potential reverse stock split to regain compliance [1].

Delisting would force GIBO to trade on less prestigious over-the-counter markets, significantly reducing liquidity, institutional investor access, and analyst coverage. This development represents a fundamental threat to shareholder value and indicates severe underlying financial challenges at the company.

In contrast, Lazydays Holdings, Inc. (NASDAQ: GORV) recently regained Nasdaq compliance by meeting the minimum bid price requirement through a reverse stock split. This move allowed Lazydays to avoid delisting and continue trading on the Nasdaq Capital Market [2].

References:
[1] https://www.stocktitan.net/news/GIBO/gibo-holdings-limited-announces-receipt-of-nasdaq-delisting-notice-j0uiii0d88bd.html
[2] https://www.investing.com/news/sec-filings/lazydays-holdings-regains-nasdaq-compliance-after-meeting-minimum-bid-price-93CH-4167947