Li Bang International Announces Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Rhea-AI Summary

Li Bang International (Nasdaq: LBGJ) received a Nasdaq notice on Nov 7, 2025 that its common share bid price closed below the minimum $1.00 requirement for 31 consecutive business days, triggering a compliance notification under Nasdaq Listing Rule 5550(a)(2).

The notice does not affect current listing or trading. The company has a 180-calendar-day compliance period ending May 6, 2026 to restore a closing bid ≥$1.00 for ≥10 consecutive business days. If not regained, the company may request a second 180-day period if it meets other Nasdaq listing standards and notifies Nasdaq in writing. The company said it will monitor the bid price and consider options to regain compliance.

Positive

• Securities continue to trade on Nasdaq during compliance period
• Compliance window of 180 calendar days through May 6, 2026

Negative

• Bid price below $1.00 for 31 consecutive business days
• Must achieve 10 consecutive business days with close ≥$1.00 to regain compliance
• Failure to comply may lead to delisting risk or need for an additional compliance plan

Insights

Corporate Listing Analyst

Nasdaq notified Li Bang International of a minimum bid price deficiency; company has until May 6, 2026 to cure.

The notice confirms the common stock closed below the $1.00 minimum for 31 consecutive business days with the Letter dated November 7, 2025. The notice does not suspend trading and triggers a standard 180-calendar-day compliance period under Nasdaq rules. The company stated it will monitor the closing bid and consider options to regain compliance.

Key dependencies and risks are near-term and procedural: the company must achieve a closing bid at or above $1.00 for 10 consecutive business days before May 6, 2026, or qualify for a second 180-day period only if it meets Nasdaq’s other listing standards and files the required intent notice. Watch the closing bid across exchange sessions and any corporate actions the company announces within the next six months; the concrete milestone is regaining the 10-day consecutive closing price test before May 6, 2026.

JIANGYIN, China, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced that the Company received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on November 7, 2025, notifying the Company that, for the last 31 consecutive business days, the bid price for the Company’s listed securities had closed below the minimum $1.00 per share requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

The Notice has no immediate effect on the listing or trading of the Company’s securities, which will continue to trade on the Nasdaq Capital Market under the symbol “LBGJ.”

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a compliance period of 180 calendar days, or until May 6, 2026 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement. If at any time prior to May 6, 2026 the bid price of the Company’s security closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Staff will provide written confirmation that the Company has achieved compliance.

If the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar day compliance period, provided that the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market (except for the bid price requirement), and provides written notice to Nasdaq of its intent to cure the deficiency during the second compliance period.

The Company intends to monitor the closing bid price of its securities and will consider all available options to regain compliance with the Minimum Bid Price Requirement within the compliance period.

About Li Bang International Corporation Inc.

Li Bang International Corporation Inc. (Nasdaq: LBGJ) specializes in the development, production, and sale of stainless-steel commercial kitchen equipment under its own "Li Bang" brand in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Committed to innovation and high-quality, the Company uses modern production facilities and mature procedures and strives to become a first-class commercial kitchen appliance manufacturer in China. The Company's long-term vision is to establish itself as a household name, synonymous with the products it manufactures. For more information, please visit the company's website at https://ir.libangco.cn.

Forward Looking Statements

Certain statements in this announcement constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. 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. Investors can identify these forward-looking statements by words or phrases such as “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's financial results filings with the U.S. Securities and Exchange Commission.

CONTACTS
Li Bang International Corporation Inc.
Investor Relations Department
Email: guanli@libangco.cn

WFS Investor Relations
Email: services@wealthfsllc.com
Phone: +1 628 283 9214

FAQ

What did Li Bang International (LBGJ) get notified about on Nov 7, 2025?

Nasdaq notified Li Bang that its bid price closed below the required $1.00 minimum for 31 consecutive business days, triggering a compliance notice.

How long does LBGJ have to regain compliance with Nasdaq's minimum bid price?

Li Bang has a 180-calendar-day compliance period ending May 6, 2026 to restore a closing bid ≥$1.00 for ≥10 consecutive business days.

Will LBGJ shares stop trading after the Nasdaq notice?

No. The notice has no immediate effect on listing or trading; shares will continue to trade under the symbol LBGJ.

What happens if LBGJ does not regain the $1.00 bid by May 6, 2026?

The company may be eligible for a second 180-day compliance period only if it meets other Nasdaq listing standards and notifies Nasdaq of its intent to cure the deficiency.

What must LBGJ achieve to receive written confirmation of compliance from Nasdaq?

The bid price must close at $1.00 or more for a minimum of 10 consecutive business days before May 6, 2026.