SU Group Addresses Nasdaq Compliance Notification Details

Author: Addison Perry Updated: 03-27-2025 04:18 PM

SU Group Notifies on Nasdaq Compliance Issues

SU Group Holdings Limited (Nasdaq: SUGP), a prominent integrated security services company, has received a notification from The Nasdaq Stock Market LLC concerning its compliance with minimum bid price requirements. This notification arose due to the closing bid price of the Company's ordinary shares falling below $1.00 for a period of 30 consecutive business days.

Understanding Nasdaq's Minimum Bid Compliance

This notification signifies that SU Group does not currently meet the minimum bid price criteria outlined in Nasdaq Listing Rule 5550(a)(2). However, it's important to note that despite this notification, the Company’s ordinary shares will continue trading on Nasdaq without interruption under the ticker symbol SUGP.

The Compliance Journey Ahead

According to Nasdaq Listing Rule 5810(c)(3)(A), SU Group has a 180-day Compliance Period to restore its ordinary share price above the $1.00 threshold. If the share price rebounds to at least $1.00 for a minimum of 10 consecutive business days within this period, the Company will receive written confirmation of compliance, effectively closing this matter. Should they fail to comply within the allotted time, the Company may qualify for an extension, provided there are no other deficiencies.

Strategic Options for Compliance

In light of the notification, the management of SU Group is closely monitoring the stock’s performance. The Company is evaluating various strategies, including a potential reverse stock split, to ensure compliance with the Nasdaq minimum bid price rule. This proactive approach signifies their commitment to maintaining a strong presence on the Nasdaq exchange.

About SU Group Holdings Limited

Established as a leader in security-related engineering services, SU Group has been providing essential services in Hong Kong for over two decades. With expertise in security guarding, screening, and related vocational training services, they cater to various sectors including commercial properties and public facilities. Their extensive portfolio comprises advanced security systems essential for modern infrastructure.

Focused on Innovation

SU Group remains dedicated to innovation within the security landscape, integrating advanced technology that enhances safety and operational efficiency. This commitment to progress ensures their services remain relevant and effective.

A Commitment to Quality

Through rigorous quality management and strategic partnerships, SU Group can deliver high-quality security systems tailored to specific needs. Their ongoing evaluation of supplier relationships further strengthens their service reliability.

Frequently Asked Questions

What has prompted the Nasdaq notification for SU Group?

The notification stems from the Company’s ordinary shares trading below the $1.00 minimum bid price for 30 consecutive business days.

How long does SU Group have to regain compliance?

SU Group has a 180-day Compliance Period to bring its share price back above $1.00.

What happens if SU Group does not regain compliance?

If the Company does not meet the compliance requirements within the given period, it may be eligible for an extension in certain circumstances.

What steps will SU Group take to address this issue?

The Company is actively monitoring its share price and may consider implementing a reverse stock split among other strategies to regain compliance.

What is the significance of Nasdaq for SU Group?

Maintaining compliance with Nasdaq is crucial for SU Group as it impacts their ability to raise capital and enhance shareholder value.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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