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
News Market Reaction
On the day this news was published, JEM gained 3.83%, reflecting a moderate positive market reaction. Argus tracked a peak move of +25.7% during that session. Argus tracked a trough of -14.9% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $356K to the company's valuation, bringing the market cap to $10M at that time. Trading volume was elevated at 2.5x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
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
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?
What is the deadline for JEM to regain Nasdaq compliance?
Can JEM get more time beyond April 15, 2026 to meet Nasdaq rules?
What remedial actions can JEM take to regain compliance with Nasdaq Rule 5550(a)(2)?
Will JEM shares be suspended or delisted immediately after the notification?
What should shareholders expect while JEM attempts to regain Nasdaq compliance?
