Creative Global Technology Holdings Limited Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

Creative Global Technology Holdings (NASDAQ: CGTL) received a Nasdaq notification on June 26, 2026 for not meeting the $1.00 minimum bid price under Rule 5550(a)(2), after 30 consecutive business days below $1.00 from May 13 to June 25, 2026.

Rhea-AI Summary

Creative Global Technology Holdings (NASDAQ: CGTL) received a Nasdaq notification on June 26, 2026 for not meeting the $1.00 minimum bid price under Rule 5550(a)(2), after 30 consecutive business days below $1.00 from May 13 to June 25, 2026.

The shares remain listed on Nasdaq and trade under “CGTL”. The company has until December 23, 2026 (180 days) to regain compliance, potentially through a higher market price or actions such as a reverse stock split if a second compliance period is needed.

Positive

• Ordinary shares remain listed and trading uninterrupted on Nasdaq under “CGTL”
• Company has 180 calendar days, until December 23, 2026, to regain compliance
• Nasdaq may grant an additional compliance period if other listing standards are met

Negative

• Company is not in compliance with Nasdaq minimum $1.00 bid price rule 5550(a)(2)
• Closing bid was below $1.00 for 30 consecutive business days through June 25, 2026
• Risk of delisting from Nasdaq Capital Market if compliance is not regained within allowed periods

Argus Jun 29 session

+3.48% close to close Open Argus

Details

News Market Reaction – CGTL

On Jun 29, the day this news came out, CGTL closed 3.48% above the previous close.

Data tracked by StockTitan Argus for the Jun 29 session.

Market Context

This announcement confirms CGTL has 180 days to restore its bid price above $1.00 and avoid potentia...

Analysis

This announcement confirms CGTL has 180 days to restore its bid price above $1.00 and avoid potential Nasdaq delisting steps. Recent governance and capital-structure changes from prior filings remain key risks, and any reverse-split decision will be important to watch.

Key Figures

Nasdaq bid price threshold: $1.00 per share Deficiency period length: 30 consecutive business days Initial compliance period: 180 calendar days +5 more

Nasdaq bid price threshold

$1.00 per share

Minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2)

Deficiency period length

30 consecutive business days

Closing bid below $1.00 from May 13, 2026 to June 25, 2026

Initial compliance period

180 calendar days

Time allowed to regain compliance, ending December 23, 2026

Compliance trading requirement

10 consecutive business days

Bid must be at or above $1.00 for at least this period

Pre-notice share price

$0.4026

Price before publication; below Nasdaq $1.00 minimum bid level

Price vs 52-week high

-93.71%

Position relative to 52-week high of $6.40 before this news

Price vs 52-week low

165.74%

Above 52-week low of $0.1515 before this news

Relative volume

0.02× 20-day average

310,360 shares vs 13,849,566 average volume before this news

Key Terms

minimum bid price requirement, reverse stock split

2 terms

minimum bid price requirement regulatory

"not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2)"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

reverse stock split financial

"including by effecting a reverse stock split, if necessary"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HONG KONG, June 29, 2026 (GLOBE NEWSWIRE) -- Creative Global Technology Holdings Limited (“CGTL”, the “Company”, or “we”) (NASDAQ: CGTL), a Hong Kong-based company sourcing and reselling recycled consumer electronic devices, today announced that, onJune 26, 2026, the Company received a notification letter (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). The Notification Letter is based upon the fact that the closing bid price of the Company’s ordinary shares (“Ordinary Shares”) was below $1.00 per share for a period of 30 consecutive business days from May 13, 2026 to June 25, 2026.

This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The Notification Letter has no immediate effect on the listing of the Company’s Ordinary Shares, which will continue to trade uninterrupted on Nasdaq under the ticker “CGTL”.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until December 23, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s Ordinary Shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance with the minimum bid price requirement by December 23, 2026, the Company may be eligible for additional time of grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.

About Creative Global Technology Holdings Limited

Creative Global Technology Holdings Limited is dedicated to extending the life of consumer electronics through effective recycling, supporting a sustainable circular economy and reducing electronic waste. The Company connects supply and demand for pre-owned devices, maximizing their utility. Specializing in sourcing and reselling recycled smartphones, tablets, and laptops, CGTL facilitates the flow of retired devices from affluent markets like the U.S. and Japan to developing regions in need of affordable technology. With a lean inventory and efficient logistics, CGTL ensures quick inspection and availability for clients. CGTL has also expanded into retail sales and device rentals, providing Hong Kong residents access to quality recycled electronics and meeting short-term needs. For more information, please visit: http://www.cgt-recycle.com; https://ir.cgt-recycle.com/.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the Form 20-F filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Investor Relations
Tel: +852 26909121
Email: ir@cgt-recycle.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq notification did Creative Global Technology Holdings (CGTL) receive on June 26, 2026?

Creative Global Technology Holdings received a Nasdaq notification that it is not in compliance with the $1.00 minimum bid price requirement. According to the company, this followed 30 consecutive business days with a closing bid below $1.00 from May 13 to June 25, 2026.

Does the Nasdaq minimum bid price deficiency affect the current listing of CGTL stock?

The notification has no immediate effect on CGTL’s listing, and its ordinary shares continue trading on Nasdaq under ticker “CGTL”. According to the company, the notice only begins a compliance period to restore the bid price to at least $1.00 per share.

By when must Creative Global Technology Holdings (NASDAQ: CGTL) regain Nasdaq bid price compliance?

CGTL has until December 23, 2026, a 180-day compliance period, to regain compliance with Nasdaq’s minimum $1.00 bid price rule. According to the company, achieving a closing bid of at least $1.00 for 10 consecutive business days would satisfy this requirement.

How can CGTL regain compliance with Nasdaq’s $1.00 minimum bid price rule?

CGTL can regain compliance if its closing bid price is at least $1.00 for a minimum of 10 consecutive business days during the compliance period. According to the company, it may also consider actions such as a reverse stock split if a second compliance period is pursued.

Could Creative Global Technology Holdings (CGTL) receive additional time to meet Nasdaq bid price rules?

If CGTL does not regain compliance by December 23, 2026, it may be eligible for an additional grace period. According to the company, it must meet other Nasdaq Capital Market initial listing standards and notify Nasdaq of its intention to cure, potentially including a reverse stock split.

What triggered the Nasdaq minimum bid price deficiency for CGTL shares?

The deficiency was triggered because CGTL’s ordinary shares closed below $1.00 per share for 30 consecutive business days from May 13 to June 25, 2026. According to the company, this violates Nasdaq Listing Rule 5550(a)(2) regarding minimum bid price requirements.