707 Cayman Holdings Limited, a Hong Kong-based apparel company, received a notification from Nasdaq that its share price has fallen below the minimum requirement of $1 per share. The company has 180 days to regain compliance, and if unsuccessful, its securities may be delisted. The company is evaluating options to regain compliance.
Hong Kong-based apparel company 707 Cayman Holdings Limited (Nasdaq: JEM) has received a notification from Nasdaq that its share price has fallen below the minimum requirement of $1 per share. The company now has 180 days to regain compliance with Nasdaq Listing Rule 5550(a)(2), or risk delisting
707 Cayman Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency[1].
The Nasdaq notification, dated October 17, 2025, states that 707 Cayman's closing bid price was below $1 for the period from September 3, 2025, to October 16, 2025. The company has until April 15, 2026, to address the issue. If it fails to do so, it may be eligible for an additional 180 days to regain compliance, provided it meets other initial listing standards and notifies Nasdaq of its intention to cure the deficiency
707 Cayman Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency[1].
707 Cayman is evaluating various options to regain compliance, including potentially effecting a reverse stock split. The company's shares will continue trading under the symbol "JEM" during this period
707 Cayman Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency[1].
707 Cayman Holdings Limited is a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions. Its customers include mid-size brand owners and apparel companies with comprehensive operations and private labels sold worldwide
707 Cayman Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency[1].
Investors should closely monitor the company's efforts to regain compliance and any announcements regarding a reverse stock split or other market-cap qualifying actions. Failure to comply with Nasdaq's continued listing requirement could lead to delisting
707 Cayman Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency[1].
Comments
No comments yet