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Ten-League International Holdings Receives Nasdaq Notification for Minimum Bid Price Deficiency
ByAinvest
Friday, Sep 12, 2025 4:34 pm ET1min read
Ten-League International Holdings has received a Nasdaq notification for a minimum bid price deficiency. The company's ordinary shares have not maintained a minimum bid price of $1.00 per share over a 30-day period. The company has been given 180 days to regain compliance, either by reaching a minimum bid price of $1.00 or implementing a reverse stock split. Failure to comply may result in delisting from the Nasdaq Capital Market.
Ten-League International Holdings Limited (TLIH), a Singapore-based provider of turnkey project solutions, has received a deficiency notice from Nasdaq due to non-compliance with the minimum bid price requirement. The company's ordinary shares failed to maintain a minimum bid price of $1.00 per share over 30 consecutive business days between July 25 and September 8, 2025 [1].The notice, received on September 9, 2025, grants TLIH a 180-day compliance period until March 9, 2026, to regain compliance. The company can achieve this by either reaching a closing bid price of $1.00 or higher for at least 10 consecutive business days or by implementing a reverse stock split [1].
If TLIH fails to meet the requirements during the initial 180-day period, it may be eligible for an additional 180-day extension, provided it meets other Nasdaq Capital Market listing standards except the bid price requirement. Without compliance by the deadline, delisting proceedings would begin, potentially forcing the company to trade on less prestigious over-the-counter markets with reduced liquidity and investor access [1].
About Ten-League International Holdings Limited
Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions. The company's business primarily consists of sales of heavy equipment and parts, heavy equipment rental, and engineering consultancy services to port, construction, civil engineering, and underground foundation industries [1].
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