INNEOVA HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION LETTER REGARDING MINIMUM PRICE DEFICIENCY

Rhea-AI Summary

INNEOVA (Nasdaq: INEO) received a Nasdaq notification dated Dec 8, 2025 that its closing bid price from Oct 24, 2025 to Dec 5, 2025 failed to meet the $1 minimum continued listing requirement under Nasdaq Rule 5550(a)(2).

Under Nasdaq Rule 5810(c)(3)(A) the company has a 180-calendar-day compliance period ending June 8, 2026 to regain compliance; it may be eligible for an additional 180 days if it meets other listing standards except the bid price requirement and provides written notice to cure, potentially via a reverse stock split. Trading of INNEOVA ordinary shares will continue uninterrupted under the symbol INEO.

Positive

• 180-calendar-day compliance period ending June 8, 2026
• Shares will continue trading uninterrupted under symbol INEO

Negative

• Failed Nasdaq minimum bid price $1 for Oct 24–Dec 5, 2025
• Risk of Nasdaq delisting if compliance not regained by June 8, 2026
• Possible need for a reverse stock split to cure deficiency

Key Figures

Share Price $0.773 Pre-notification close for INEO

Nasdaq Minimum Bid $1.00 per share Nasdaq Listing Rule 5550(a)(2) requirement

Initial Compliance Period 180 calendar days Period to regain Nasdaq bid-price compliance to June 8, 2026

52-Week Range $0.6235–$2.10 52-week low and high before notification

Market Capitalization $13,071,043 INEO market cap before deficiency news

H1 2025 Revenue $30.8M Up from $27.9M, 10.3% growth vs H1 2024

S-8 Registered Shares 3,234,124 shares Shares registered under 2025 Equity Incentive Plan

Par Value US$0.0005 per share Par value of Class A ordinary shares in S-8

Market Reality Check

$0.7730 Last Close

Volume Volume 5,472 is below the 20-day average of 13,700, suggesting limited pre-news trading interest. low

Technical Shares at $0.773 are trading below the $1.00 200-day moving average and well under the $2.10 52-week high.

Peers on Argus 1 Down

INEO was down 1.74% while peers showed mixed moves: REE up 4.17%, FRSX up 2.75%, and GTEC/WKSP down more than 5%. Momentum data only flagged CREV on the downside, indicating a stock-specific setup rather than a broad auto-parts sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 18	Shareholder letter	Positive	-0.9%	CEO outlined strategic progress, M&A and sustainability initiatives.
Oct 23	Contract award	Positive	+30.4%	Subsidiary won multi-year, multi-million overhaul tender from PSA Singapore.
Oct 14	Hydrogen pilot deal	Positive	-0.1%	Strategic Cooperation Agreement to advance Hydrogen Pathfinder Pilot in Singapore.
Oct 10	Hydrogen strategy	Positive	-0.8%	Update on hydrogen energy strategy and pathfinder projects in Singapore.
Sep 30	Earnings update	Positive	+2.0%	Reported H1 2025 results with 10.3% revenue growth to $30.8M.

Pattern Detected

Positive strategic and contract news has often seen muted or negative next-day reactions, with one notable spike on a large contract win.

Recent Company History

Over the last few months, INNEOVA reported 10.3% H1 2025 revenue growth to $30.8M, rebranded from SAG, and acquired INNEOVA Engineering. It announced hydrogen strategy initiatives and a Strategic Cooperation Agreement targeting up to 20 hydrogen heavy-duty vehicles. A multi-year, multi-million overhaul tender from PSA Singapore on Oct 23 drove a 30.37% move, while other positive updates saw flat to slightly negative reactions, providing context for how operational progress has translated into share-price responses before this Nasdaq deficiency notice.

Market Pulse Summary

This announcement formalizes that INEO’s bid price has remained below Nasdaq’s $1.00 minimum, triggering an initial 180‑day compliance window to June 8, 2026. The company may seek an additional 180 days if other listing standards are met and remediation actions, such as a reverse stock split, are pursued. Investors may monitor future communications on compliance plans, alongside operating trends like H1 2025 revenue of $30.8M and recent contract wins.

Key Terms

reverse stock split financial

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

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

market value of publicly held shares financial

"should the Company meet the continued listing requirement for market value of publicly held shares"

The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.

Form S-8 regulatory

"filed a Form S-8 to register 3,234,124 Class A ordinary shares"

A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.

AI-generated analysis. Not financial advice.

SINGAPORE, Dec. 11, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (“INNEOVA” or the “Company”) (Nasdaq: INEO), a leading Singapore-based provider of high-quality Original Equipment Manufacturer, third-party branded and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines and system lifecycle analysis and engineering services for infrastructure and mobility platforms, today announced that it received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated December 8, 2025, notifying the Company that based on the closing bid price of the Company for the period from October 24, 2025 to December 5, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until June 8, 2026, to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company 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 is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.

The Nasdaq notification letter does not result in the immediate delisting of the Company’s ordinary shares, and the shares will continue to trade uninterrupted under the symbol “INNEOVA.”

The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.

About INNEOVA Holdings Limited

INNEOVA Holdings Limited (Nasdaq: INEO, “INNEOVA Holdings”) is a leading Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third-party branded and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines and system lifecycle analysis and engineering services for infrastructure and mobility platforms.

INNEOVA Automotive Division: We provide an extensive range of genuine OEM and aftermarket parts for passenger vehicles, trucks, and buses. Our offerings include parts from manufacturers’ brands, trusted third-party labels, and our in-house brands.

INNEOVA Industrial Division: Catering to industries like construction, marine, power generation, mining, and transportation, we offer specialized spare parts focusing on filtration systems, lubricants, batteries, and internal combustion engine components.

INNEOVA Engineering Division: We provide system lifecycle analysis and engineering services for infrastructure and mobility platforms to generate innovative and sustainable solutions for maximum uptime and optimal total cost of ownership for our customers. Driven by uptime, delivered through expertise.

Our unwavering commitment to quality ensures customers experience maximum uptime, enhanced performance, and reduced total cost of ownership throughout the lifecycle of their machines. For more information, visit https://www.inneova.co.

Safe Harbor Statement

Statements 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 statements include but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “seeks,” “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 the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and INNEOVA Holdings Limited 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.

Contact:

INNEOVA Holdings Limited Contact:

Ivy Lee
Chief Financial Officer
Telephone +65 6383 7540
ivy.lee@soonaik.com 

FAQ

Why did INNEOVA (INEO) receive a Nasdaq notification on Dec 8, 2025?

Nasdaq notified INNEOVA that its closing bid price from Oct 24 to Dec 5, 2025 was below the $1 minimum required under Rule 5550(a)(2).

How long does INNEOVA have to regain Nasdaq compliance (INEO)?

INNEOVA has a 180-calendar-day compliance period until June 8, 2026 to regain the minimum bid price.

Will INNEOVA shares stop trading after the Nasdaq notification (INEO)?

No. The Nasdaq letter does not cause immediate delisting; INNEOVA ordinary shares will continue to trade uninterrupted under symbol INEO.

What happens if INNEOVA does not regain compliance by June 8, 2026?

If INNEOVA does not regain compliance it may be eligible for an additional 180 days only if it meets other listing standards and files a notice to cure; otherwise Nasdaq may issue a delisting notice.

Could INNEOVA use a reverse stock split to meet Nasdaq rules (INEO)?

Yes. The company may effect a reverse stock split during a second compliance period if required to cure the bid price deficiency.

What immediate steps is INNEOVA taking after the Nasdaq notice (INEO)?

The company is evaluating options and intends to use reasonable efforts to regain compliance with Nasdaq continued listing requirements.