BioNexus Gene Lab Corp. Regains Nasdaq Compliance, Signaling Strategic Stability and Growth Readiness
BioNexus Gene Lab (Nasdaq: BGLC) has successfully regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share. This achievement strengthens the company's position as a compliant public entity and supports its growth initiatives.
The biotechnology company, specializing in precision diagnostics and specialty chemicals, is pursuing a dual-focus strategy through:
- MRNA Scientific - Expanding RNA-based genomic diagnostics and non-invasive blood tests for 11 major diseases
- Chemrex - Scaling specialty materials operations in Southeast Asia with focus on sustainable development
Under CEO Sam Tan's leadership, BioNexus has enhanced its corporate governance by appointing new independent board members, establishing an internal audit function, and securing U.S.-based investment banking support. These measures position the company for strategic partnerships, capital raising, and M&A opportunities while maintaining its valuable Nasdaq listing status.
BioNexus Gene Lab (Nasdaq: BGLC) ha riconquistato con successo la conformità al requisito minimo del prezzo di offerta di Nasdaq, fissato a $1,00 per azione. Questo risultato rafforza la posizione dell'azienda come entità pubblica conforme e sostiene le sue iniziative di crescita.
La società biotecnologica, specializzata in diagnostica di precisione e prodotti chimici speciali, segue una strategia a doppio focus attraverso:
- MRNA Scientific - Espansione della diagnostica genomica basata su RNA e test del sangue non invasivi per 11 principali malattie
- Chemrex - Potenziamento delle operazioni di materiali speciali nel Sud-Est asiatico con attenzione allo sviluppo sostenibile
Sotto la guida del CEO Sam Tan, BioNexus ha migliorato la governance aziendale nominando nuovi membri indipendenti del consiglio, istituendo una funzione di audit interna e assicurando il supporto di una banca d'investimento statunitense. Queste misure posizionano l'azienda per partnership strategiche, raccolta di capitali e opportunità di fusioni e acquisizioni, mantenendo il prezioso status di quotazione Nasdaq.
BioNexus Gene Lab (Nasdaq: BGLC) ha recuperado exitosamente el cumplimiento con el requisito mínimo del precio de oferta de Nasdaq de $1.00 por acción. Este logro fortalece la posición de la empresa como entidad pública conforme y respalda sus iniciativas de crecimiento.
La compañía biotecnológica, especializada en diagnósticos de precisión y productos químicos especializados, sigue una estrategia con doble enfoque a través de:
- MRNA Scientific - Expansión de diagnósticos genómicos basados en ARN y pruebas de sangre no invasivas para 11 enfermedades principales
- Chemrex - Escalamiento de operaciones de materiales especializados en el sudeste asiático con enfoque en el desarrollo sostenible
Bajo el liderazgo del CEO Sam Tan, BioNexus ha mejorado su gobernanza corporativa nombrando nuevos miembros independientes en la junta, estableciendo una función de auditoría interna y asegurando el apoyo de banca de inversión con sede en EE.UU. Estas medidas posicionan a la empresa para asociaciones estratégicas, recaudación de capital y oportunidades de fusiones y adquisiciones, manteniendo su valioso estatus de cotización en Nasdaq.
BioNexus Gene Lab(나스닥: BGLC)는 주당 $1.00의 나스닥 최소 입찰 가격 요건을 성공적으로 충족하여 규정 준수를 회복했습니다. 이 성과는 회사의 공시 규정 준수 상태를 강화하고 성장 전략을 지원합니다.
정밀 진단 및 특수 화학제품을 전문으로 하는 이 생명공학 회사는 다음과 같은 이중 전략을 추진하고 있습니다:
- MRNA Scientific - 11대 주요 질환에 대한 RNA 기반 유전체 진단 및 비침습 혈액 검사 확대
- Chemrex - 지속 가능한 개발에 중점을 두고 동남아시아에서 특수 소재 사업 확장
CEO Sam Tan의 리더십 아래, BioNexus는 새로운 독립 이사 선임, 내부 감사 기능 구축, 미국 소재 투자은행 지원 확보를 통해 기업 지배구조를 강화했습니다. 이러한 조치는 전략적 파트너십, 자본 조달 및 인수합병 기회를 모색하는 동시에 나스닥 상장 지위를 유지하는 데 기여합니다.
BioNexus Gene Lab (Nasdaq : BGLC) a réussi à se conformer à nouveau à l'exigence minimale du prix d'offre de Nasdaq de 1,00 $ par action. Cette réussite renforce la position de la société en tant qu'entité publique conforme et soutient ses initiatives de croissance.
La société de biotechnologie, spécialisée dans le diagnostic de précision et les produits chimiques spécialisés, poursuit une stratégie à double axe à travers :
- MRNA Scientific – Développement des diagnostics génomiques basés sur l'ARN et des tests sanguins non invasifs pour 11 maladies majeures
- Chemrex – Expansion des opérations de matériaux spécialisés en Asie du Sud-Est avec un accent sur le développement durable
Sous la direction du PDG Sam Tan, BioNexus a renforcé sa gouvernance d'entreprise en nommant de nouveaux membres indépendants au conseil d'administration, en établissant une fonction d'audit interne et en obtenant le soutien d'une banque d'investissement basée aux États-Unis. Ces mesures positionnent la société pour des partenariats stratégiques, des levées de fonds et des opportunités de fusions-acquisitions tout en maintenant son précieux statut de cotation Nasdaq.
BioNexus Gene Lab (Nasdaq: BGLC) hat erfolgreich die Einhaltung der Mindestgebotspreis-Anforderung von Nasdaq in Höhe von 1,00 USD pro Aktie wiedererlangt. Dieser Erfolg stärkt die Position des Unternehmens als regelkonformes börsennotiertes Unternehmen und unterstützt seine Wachstumsinitiativen.
Das Biotechnologieunternehmen, spezialisiert auf präzisionsdiagnostik und Spezialchemikalien, verfolgt eine Doppelstrategie durch:
- MRNA Scientific – Ausbau der RNA-basierten genomischen Diagnostik und nicht-invasiver Bluttests für 11 Hauptkrankheiten
- Chemrex – Ausbau der Spezialmaterialienproduktion in Südostasien mit Fokus auf nachhaltige Entwicklung
Unter der Führung von CEO Sam Tan hat BioNexus seine Unternehmensführung verbessert, indem neue unabhängige Vorstandsmitglieder ernannt, eine interne Prüfungsfunktion eingerichtet und die Unterstützung einer US-amerikanischen Investmentbank gesichert wurde. Diese Maßnahmen positionieren das Unternehmen für strategische Partnerschaften, Kapitalbeschaffung und M&A-Möglichkeiten und sichern gleichzeitig den wertvollen Nasdaq-Listing-Status.
- Regained Nasdaq compliance by meeting minimum $1.00 bid price requirement
- Maintained strategic Nasdaq listing enabling global visibility and institutional capital access
- Advancing RNA-based genomic diagnostics with potential new products
- Expanding non-invasive blood tests screening for 11 major diseases
- Growing specialty materials business Chemrex in Southeast Asia
- Strengthened corporate governance with new independent board members
- Established internal audit function
- Secured U.S. investment banking support
- Previous non-compliance with Nasdaq listing requirements suggests recent stock price weakness
- Need for enhanced corporate governance indicates potential past deficiencies
- Multiple business segments may indicate lack of focused strategy
Insights
Regaining Nasdaq compliance removes delisting risk and positions BGLC for strategic growth initiatives and improved capital market access.
BioNexus Gene Lab Corp.'s announcement of regaining compliance with Nasdaq's $1.00 minimum bid price requirement represents a critical regulatory milestone that removes a significant risk factor. For small-cap biotechnology companies, maintaining Nasdaq listing status is essential for visibility, liquidity, and institutional investor access.
The company operates through two distinct business segments: MRNA Scientific, focused on RNA-based genomic diagnostics including non-invasive blood tests for disease screening, and Chemrex, a specialty materials subsidiary serving Southeast Asia's chemical raw materials market. The strategic focus mentions expansion opportunities in both divisions, though specific financial metrics and growth targets aren't provided.
Particularly noteworthy are the corporate governance enhancements, including new independent board members, a dedicated internal audit function, and engagement with U.S.-based investment banking support. These structural improvements typically precede capital raising activities, strategic partnerships, or potential M&A initiatives.
The successful resolution of the Nasdaq compliance issue signals management effectiveness in addressing regulatory challenges while maintaining focus on operational growth strategies. For existing shareholders, this development preserves the value proposition of market access and liquidity that comes with Nasdaq listing status.
BGLC's governance enhancements alongside Nasdaq compliance signal institutional-grade operational readiness and improved investor protection.
The corporate governance improvements detailed in BioNexus Gene Lab's announcement represent substantive structural enhancements that extend beyond mere Nasdaq compliance. The addition of new independent board members strengthens oversight capabilities and introduces valuable external perspectives to strategic decision-making processes.
The establishment of a dedicated internal audit function indicates a commitment to robust financial controls, transparency, and risk management - critical elements for companies pursuing growth strategies across international markets. This function typically oversees compliance with financial reporting standards and regulatory requirements across jurisdictions.
The retention of U.S.-based investment banking support signals preparation for potential capital market activities while ensuring governance practices align with institutional investor expectations. This third-party engagement provides additional credibility to the company's financial communication and strategic planning processes.
These governance enhancements, implemented in parallel with resolving the Nasdaq listing requirement, demonstrate a holistic approach to corporate maturity rather than simply addressing the immediate compliance issue. For stakeholders, this represents a meaningful commitment to sustainable business practices and shareholder protection frameworks that support long-term value creation objectives.
KUALA LUMPUR, Malaysia, April 30, 2025 (GLOBE NEWSWIRE) -- BioNexus Gene Lab Corp. (Nasdaq: BGLC), a biotechnology company specializing in precision diagnostics and specialty chemical solutions, today announced that it has received official notification from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has regained full compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of
This important milestone reaffirms the Company’s standing as a compliant and growth-focused public company. It marks the successful conclusion of a focused compliance initiative and paves the way for the Company to pursue its bold innovation roadmap, capital market engagement, and international expansion.
“This achievement is more than a compliance milestone - it’s a signal to the market that BGLC is strategically aligned, financially resilient, and fully prepared to capitalize on future growth opportunities,” said Sam Tan, Chief Executive Officer of BioNexus Gene Lab Corp. “Our Nasdaq listing continues to be a cornerstone of our long-term strategy, enabling global visibility, investor confidence, and access to institutional capital. We’re excited to move forward from this position of strength.”
A Platform for Innovation and Global Reach
BioNexus Gene Lab Corp. is advancing a multi-pronged strategy centered on:
- Expanding its RNA-based genomic diagnostics business, MRNA Scientific, including strategic partnerships and the potential to bring on new products, and driving adoption of its non-invasive blood tests that screen for 11 major diseases.
- Scaling its specialty materials subsidiary, Chemrex, which currently serves Southeast Asia’s growing demand for high-performance chemical raw materials, into new areas of sustainable development, and growth in upstream and downstream production.
Reinforced Corporate Governance and Market Readiness
In parallel with achieving Nasdaq compliance, BGLC has taken decisive steps to strengthen corporate governance, enhance internal controls, and position itself for strategic partnerships, capital raising, and M&A activity. This includes the appointment of new independent board members, the formation of a dedicated internal audit function, and the retention of U.S.-based investment banking support for long-term value creation initiatives.
“Our continued Nasdaq listing reflects our governance maturity and sets the foundation for scaling BGLC into a regionally integrated, innovation-driven enterprise,” said Tan. “We are grateful to our shareholders, advisors, and team members for their continued belief in our vision.”
About BioNexus Gene Lab Corp.
BioNexus Gene Lab Corp. (Nasdaq: BGLC) is a Wyoming-incorporated biotechnology and specialty materials company with operations across Malaysia and Southeast Asia. The Company is a pioneer in RNA-based blood diagnostics, and a leading supplier of industrial chemical raw materials. BGLC is committed to delivering cutting-edge healthcare diagnostics, sustainable materials, and digital asset innovation to improve lives and build shareholder value.
For more information, visit: www.bionexusgenelab.com
Investor Relations Contact:
Email: ir@bionexusgenelab.com
Phone: +1 307 241 6898
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