Lucas GC Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance

Rhea-AI Summary

Lucas GC Limited (NASDAQ: LGCL), an AI-driven PaaS company, has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's shares have traded below $1.00 for 30 consecutive business days, triggering a deficiency notice under Nasdaq Listing Rule 5550(a)(2).

Lucas has been granted a 180-day compliance period until March 4, 2026, during which it must maintain a closing bid price of at least $1.00 for a minimum of 10 consecutive business days to regain compliance. The company's shares will continue trading on Nasdaq under "LGCL" while it considers options, including a potential reverse stock split, to address the situation.

Positive

• Trading continues uninterrupted on Nasdaq
• Company has 180 days to regain compliance
• Multiple options available to address the situation, including reverse stock split

Negative

• Stock price has fallen below $1.00 for 30 consecutive business days
• Risk of potential delisting if compliance is not achieved by March 4, 2026
• Possible need for reverse stock split which could impact share structure

NEW YORK, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company whose technologies have been applied to the human resources and insurance industry verticals, today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the Company’s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “LGCL.”

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until March 4, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. If the Company does not regain compliance with the minimum bid price requirement within the Compliance Period, the Company may be eligible for additional time, assume the absence of other deficiencies.

The Company intends to monitor the closing bid price of its ordinary shares and will, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse stock split of its ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

About Lucas GC Limited

With 19 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company with over 780,320 agents working on its platform. Lucas’ technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/.

Forward-Looking Statements

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.” The words “anticipate,” “believe,” “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. Any forward-looking statements contained in this press release speak only as of the date hereof, and Lucas GC Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

For Investor Inquiries and Media Contact:
https://www.lucasgc.com/
ir@lucasgc.com
T: 818-741-0923

FAQ

What is the minimum bid price requirement that LGCL failed to meet on Nasdaq?

LGCL failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).

When does Lucas GC Limited (LGCL) need to regain Nasdaq compliance by?

LGCL has until March 4, 2026 to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.

Will LGCL stock continue trading on Nasdaq during the compliance period?

Yes, LGCL shares will continue trading uninterrupted on Nasdaq under the ticker 'LGCL' during the 180-day compliance period.

What options is LGCL considering to regain Nasdaq compliance?

LGCL is considering various options, including potentially implementing a reverse stock split of its ordinary shares to regain compliance with the minimum bid price requirement.

What happens if LGCL doesn't meet Nasdaq's minimum bid requirement by March 2026?

If LGCL doesn't regain compliance by March 4, 2026, it may be eligible for additional time, provided there are no other deficiencies. However, there's a risk of potential delisting if compliance isn't achieved.