707 Cayman Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency

Rhea-AI Summary

707 Cayman Holdings (Nasdaq: JEM) received a Nasdaq notification dated October 17, 2025, saying the company failed to meet Nasdaq Listing Rule 5550(a)(2) because the closing bid price was below $1 for the period Sept 3, 2025–Oct 16, 2025. The company has a 180-calendar-day compliance period until April 15, 2026 to regain compliance. If eligible, the company may seek an additional 180 days by meeting other initial listing standards and notifying Nasdaq of an intention to cure, potentially via a reverse stock split. Trading under symbol JEM continues uninterrupted while the company evaluates options to regain compliance.

Positive

• Shares continue trading uninterrupted under JEM
• 180-calendar-day compliance period until April 15, 2026
• Potential additional 180 days if other listing standards are met

Negative

• Closing bid price below $1 for Sept 3–Oct 16, 2025
• Risk of delisting if compliance is not regained
• No assurance the company will be able to regain compliance

Insights

Listing Compliance Analyst

707 Cayman received a Nasdaq notice for a sub-$1 bid price and has until April 15, 2026 to cure the deficiency.

707 Cayman Holdings Limited currently fails to meet Nasdaq Listing Rule 5550(a)(2) because its closing bid price was below $1 during the measured period ending October 16, 2025. Nasdaq granted a standard 180-day compliance period through April 15, 2026. The company may remain listed and its shares will continue trading under the symbol "JEM" while it seeks to regain compliance.

The practical remedies described are explicit and limited: regain a closing bid at or above $1 during the compliance period, or qualify for a second 180-day extension by meeting market value and other initial listing standards (except the bid price) and submitting written notice of an intent to cure, potentially via a reverse stock split. Key dependencies include achieving and sustaining the minimum bid price or satisfying the alternative market-cap/listing standards before the stated deadlines.

Watch the closing bid price trajectory and any announcement about a reverse stock split or other market-cap qualifying actions, with the immediate monitoring horizon through April 15, 2026 and the possible second compliance window thereafter. The notice does not itself delist the company, but failure to cure could lead to delisting notice from Nasdaq within these timelines.

HONG KONG, Oct. 21, 2025 (GLOBE NEWSWIRE) -- 707 Cayman Holdings Limited (“707” or the “Company”) (Nasdaq: JEM), a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions, today announced that it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") dated October 17, 2025, notifying the Company that based on the closing bid price of the Company for the period from September 3, 2025 to October 16, 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 April 15, 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 “JEM.”

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 707 Cayman Holdings Limited

707 Cayman Holdings Limited is a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.

Safe Harbor Statement

This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs, including our ability to maintain a listing on the Nasdaq. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

707 Cayman Holdings Limited Contact:

HBK Strategy Limited
ir@hbkstrategy.com
+852 2156 0223

FAQ

Why did 707 Cayman Holdings (JEM) receive a Nasdaq notification on October 17, 2025?

Nasdaq notified JEM that its closing bid price was below $1 for the period Sept 3–Oct 16, 2025, breaching Rule 5550(a)(2).

What is the deadline for JEM to regain Nasdaq compliance?

JEM has a 180-calendar-day compliance period ending April 15, 2026 to regain compliance with the $1 minimum bid rule.

Can JEM get more time beyond April 15, 2026 to meet Nasdaq rules?

Yes—JEM may be eligible for an additional 180 days if it meets market value and other initial listing standards and files written notice to cure.

What remedial actions can JEM take to regain compliance with Nasdaq Rule 5550(a)(2)?

The company may consider options including a reverse stock split to increase the per-share bid price, subject to eligibility and Nasdaq approval.

Will JEM shares be suspended or delisted immediately after the notification?

No—Nasdaq’s notification does not cause immediate delisting and JEM shares will continue trading under the symbol JEM while the company is in the compliance period.

What should shareholders expect while JEM attempts to regain Nasdaq compliance?

Shareholders should expect continued trading, possible corporate actions (e.g., a reverse split), and further company updates on efforts to regain compliance.