High-Trend International Group Announces Regained Compliance With the Minimum Bid Price Requirement of Nasdaq

Rhea-AI Summary

High-Trend International Group (NASDAQ: HTCO), a global ocean technology company, has successfully regained compliance with Nasdaq's minimum bid price requirement under Rule 5550(a)(2). The company, which received a non-compliance notice on June 27, 2025, due to its share price remaining below $1.00 for over 30 consecutive business days, has now met the requirement by maintaining a closing bid price of $1.00 or higher for 10 consecutive business days from August 8-21, 2025.

The company had been given until December 24, 2025, to resolve the compliance issue. Nasdaq has confirmed that the matter is now closed, removing a significant regulatory concern for the company and its shareholders.

Positive

• Successfully regained Nasdaq listing compliance ahead of the December 24, 2025 deadline
• Maintained share price above $1.00 for required compliance period
• Removed risk of potential delisting from Nasdaq

Negative

• Previous trading below $1.00 per share for over 30 consecutive business days indicates recent share price weakness

Insights

Financial Regulatory Expert

HTCO has successfully regained Nasdaq compliance, eliminating immediate delisting risk and preserving market access for investors.

High-Trend International Group has successfully regained compliance with Nasdaq's minimum bid price requirement by maintaining a closing bid price above $1.00 for 10 consecutive business days (August 8-21, 2025). This resolves the non-compliance notice received on June 27, 2025, which had given the company until December 24, 2025 to address the issue.

This development carries significant implications for shareholders. Maintaining Nasdaq listing is crucial for market visibility, trading liquidity, and institutional investor access. Companies that fail to meet minimum bid requirements face potential delisting, which typically triggers further share price deterioration, reduced liquidity, and limited access to capital markets.

The company achieved compliance well ahead of the 180-day grace period deadline, suggesting either organic price appreciation or potentially proactive management intervention like a reverse stock split (though no specific action is mentioned in the release). The swift resolution removes a significant regulatory overhang that could have continued to pressure the stock.

While this news eliminates the immediate delisting threat, investors should note that the underlying fundamentals that initially drove the share price below $1.00 warrant careful examination. Companies facing minimum bid compliance issues often struggle with operational challenges, and this regulatory hurdle resolution, while positive, represents just one aspect of the company's overall investment profile.

SIGNAPORE, Aug. 25, 2025 /PRNewswire/ -- High-Trend International Group (the "Registrant" or the "Company") (NASDAQ: HTCO), a global ocean technology company announced that it received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules.

The Company had previously announced on June 30, 2025, that it was notified by Nasdaq on June 27, 2025 that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company's ordinary shares had been below $1.00 per share for more than 30 consecutive business days. Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company had a compliance period of 180 calendar days, or until December 24, 2025, to regain compliance with Nasdaq's minimum bid price requirement.

On August 22, 2025, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days, from August 8, 2025 to August 21, 2025, the closing bid price of the Company's ordinary shares had been $1.00 per share or greater, that the Company has regained compliance with Listing Rule 5550(a)(2) and that the matter is now closed.

Forward-Looking Statements

This current report on Form 6-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The forward-looking statements can be also identified by terminology such as "may," "might," "could," "will," "aims," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements.

These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to a number of risks. The reader should not place undue reliance on these forward-looking statements, as there can be no assurances that the plans, initiatives or expectations upon which they are based will occur. A detailed discussion of factors that could cause or contribute to such differences and other risks that affect our business is included in filings we make with the Commission from time to time, including our most recent report on Form 20-F, particularly under the heading "Risk Factors".

 

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SOURCE High-Trend International Group

FAQ

What was the Nasdaq compliance issue faced by High-Trend International Group (HTCO)?

High-Trend International Group faced non-compliance with Nasdaq's minimum bid price requirement (Rule 5550(a)(2)) as its shares traded below $1.00 for more than 30 consecutive business days.

How did High-Trend International Group (HTCO) regain Nasdaq compliance?

HTCO regained compliance by maintaining a closing bid price of $1.00 or higher for 10 consecutive business days from August 8 to August 21, 2025.

When was High-Trend International Group (HTCO) required to meet Nasdaq's compliance deadline?

HTCO had until December 24, 2025 to regain compliance, but achieved it earlier on August 22, 2025.

What are the implications of HTCO regaining Nasdaq compliance?

By regaining compliance, HTCO has removed the risk of potential delisting from Nasdaq and resolved regulatory concerns, maintaining its listing status on the exchange.