Eastern International Ltd. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
ELOG has 180 days, and possibly a further 180 days, to fix its sub‑$1.00 share price or risk Nasdaq delisting.
Rhea-AI Summary
Eastern International (ELOG) has received a Nasdaq notice on September 10, 2026 that its ordinary shares no longer meet the $1.00 minimum bid price requirement after trading below this level for 30 consecutive days.
The notification does not immediately affect the listing of the shares. The company has 180 calendar days, until March 9, 2027, to regain compliance. Compliance will be restored if the closing bid price is at least $1.00 per share for a minimum of 10 consecutive business days within this period. If the issue is not cured, ELOG may qualify for an additional 180‑day grace period, but otherwise its securities could become subject to delisting. The company plans to monitor its share price and consider options to address the deficiency.
Positive
- Nasdaq notice has no immediate effect on trading or listing status
- Company granted a 180‑day compliance period ending March 9, 2027
- Potential for an additional 180‑day extension if other listing standards are met
Negative
- Shares have traded below $1.00 for 30 consecutive trading days
- Company is currently non‑compliant with Nasdaq minimum bid price rule 5550(a)(2)
- If compliance is not regained, ELOG’s securities may become subject to delisting
News Explained
A reverse stock split is not committed now: it appears only as a possible cure if the initial compliance period fails and the company seeks a second period; such a split would reduce share count and raise per-share price proportionally, without changing company value by the split itself.
Key Figures
- Minimum bid price
- $1.00 per share
- Nasdaq continued-listing requirement
- Deficiency duration
- 30 consecutive trading days
- Closing bid price below the minimum
- Compliance period
- 180 calendar days
- Expires March 9, 2027
- Compliance deadline
- March 9, 2027
- End of initial compliance period
- Price compliance test
- $1.00 per share for 10 consecutive business days
- Requirement to regain compliance
- Additional compliance period
- 180 calendar days
- May be available if additional Nasdaq conditions are met
Key Terms
minimum bid price requirement regulatory
reverse stock split regulatory
delisting regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
HANGZHOU, China, Sept. 11, 2026 (GLOBE NEWSWIRE) -- Eastern International Ltd. (“Eastern International” or the “Company”) (NASDAQ: ELOG), a provider of domestic and cross-border professional logistic services and construction services including project logistic, general logistic and new energy infrastructure construction, today announced that, on September 10, 2026, the Company received a letter from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s ordinary shares listed on Nasdaq was below
The notification has no immediate effect on the listing of the Company’s ordinary shares. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, until March 9, 2027 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement. If at any time before the expiration of the Compliance Period the bid price of the Company’s ordinary shares closes at least
The Company intends to continue actively monitoring the bid price for its ordinary shares between now and the expiration of the Compliance Period and will consider all available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement.
About Eastern International Ltd.
Eastern International Ltd. (NASDAQ: ELOG) is a holding company incorporated in the Cayman Islands. The Company, through Suzhou TC-Link Logistics Co., Ltd. (“Suzhou TC-Link”) and Hangzhou TC-Link Logistics Supply Chain Management Co., Ltd., both wholly owned subsidiaries of the Company, provide domestic and cross-border professional logistic and construction services including project logistic, general logistic and new energy infrastructure construction. Suzhou TC-Link was established on January 9, 2006, in Jiangsu Province, China. Suzhou TC-Link has obtained the internationally recognized IS09001 certificate of high-quality service (2015 standard). Eastern International has 7 wholly owned subsidiaries and 5 warehouses/logistic centers and 3 branch offices in China which operating network covers key cities in mainland China, Hong Kong, Southeast Asia and Central Asia. For more information, please visit https://www.elogint.com
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the final prospectus 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. Any forward-looking statements contained in this press release speak only as of the date hereof, and Eastern International specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Eastern International Ltd.
Mr. Lin Tan
Tel: +86 0571-82356096
Email: ir@elogint.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What triggered Nasdaq’s minimum bid price deficiency notice to Eastern International?
The notice was triggered because the closing bid price for Eastern International’s ordinary shares was below $1.00 per share for 30 consecutive trading days, which violates Nasdaq Marketplace Rule 5550(a)(2).
How can Eastern International regain compliance with Nasdaq’s minimum bid price requirement?
The company will regain compliance if, at any time before March 9, 2027, the closing bid price of its ordinary shares is at least $1.00 per share for a minimum of 10 consecutive business days, after which Nasdaq will issue written confirmation and close the matter.
Under what conditions could Eastern International receive an additional 180‑day compliance period?
If the company does not regain compliance by March 9, 2027, it may receive an additional 180 calendar days if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market (except the bid price requirement), and if it notifies Nasdaq of its intention to cure the deficiency, including by effecting a reverse stock split if necessary.
What happens if Eastern International cannot meet the requirements for an extension or regain compliance?
If it appears to Nasdaq that Eastern International will not be able to cure the deficiency, or if it is otherwise not eligible for an extension, Nasdaq will provide notice that the company’s securities will be subject to delisting from The Nasdaq Capital Market.