AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Wang & Lee Group's Nasdaq Listing at Risk Over Low Bid Price
ByAinvest
Monday, Jun 30, 2025 9:05 am ET1min read
Wang & Lee Group, a Hong Kong-based construction prime and subcontractor, has received a letter from Nasdaq stating that the company's ordinary shares are not in compliance with the minimum bid price requirement of $1.00 per share for continued listing on Nasdaq. The company's securities have a closing bid of $0.10 or less, resulting in non-compliance with the Minimum Bid Requirement.
Hong Kong-based construction prime and subcontractor Wang & Lee Group, Inc. (NASDAQ: WLGS) has received a letter from Nasdaq notifying the company that its ordinary shares are not in compliance with the minimum bid price requirement of $1.00 per share for continued listing on Nasdaq. The company's securities have a closing bid of $0.10 or less, resulting in non-compliance with the Minimum Bid Requirement [1].On June 25, 2025, Wang & Lee Group received an additional notification letter from Nasdaq, stating that the company's securities will be delisted due to public interest concerns, particularly related to the company's June 9, 2025 issuance of convertible notes [1]. The company has filed a notice of appeal and requested a hearing before a Nasdaq Listing Qualifications Panel to review the delisting decision [1].
Wang & Lee Group has been actively evaluating options to regain compliance with Nasdaq Listing Rules. However, there are no assurances that the company will be able to regain or maintain compliance, or that the appeal to the Panel will be successful [1].
The company, founded in 2014, specializes in the installation of Electrical & Mechanical Systems, including low voltage electrical systems, mechanical ventilation and air-conditioning systems, and fire service systems, among others. Its clients range from small startups to large corporations [1].
In contrast, ParaZero Technologies Ltd. (NASDAQ: PRZO), an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, recently regained compliance with Nasdaq's minimum bid price requirement. The company maintained a closing bid price of over $1.00 for ten consecutive trading days, from June 6 to June 23, 2025 [2].
References:
[1] https://www.globenewswire.com/news-release/2025/06/30/3107516/0/en/WANG-LEE-GROUP-Inc-Announces-Receipt-of-Nasdaq-Delisting-Notifications.html
[2] https://www.nasdaq.com/articles/parazero-technologies-regains-compliance-nasdaq-minimum-bid-price-requirement
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet