Lucas GC Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement

Rhea-AI Summary

Lucas GC (NASDAQ: LGCL) announced it has regained compliance with Nasdaq's minimum $1.00 bid price requirement under Rule 5550(a)(2).

The Listing Qualifications Department sent a Compliance Notice dated November 3, 2025 confirming the closing bid price was at or above $1.00 for 15 consecutive business days from October 13, 2025 to October 31, 2025, and the matter is now closed. The company had previously received a deficiency notice from Nasdaq on September 5, 2025.

Positive

• Regained Nasdaq compliance after 15 business days (Oct 13–Oct 31, 2025)
• Compliance matter closed per Nasdaq Compliance Notice dated November 3, 2025

Negative

• Previously received Nasdaq deficiency notice on September 5, 2025

NEW YORK, Nov. 05, 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 has received a notification letter (“Compliance Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated November 3, 2025, informing the Company that it has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2) (“Minimum Bid Price Requirement”).

As previously announced, the Company was notified by Nasdaq on September 5, 2025 that the Company’s ordinary shares failed to maintain a minimum bid price of US$1.00 over the previous 30 consecutive business days.

According to the Compliance Notice, the Company regained compliance with the Minimum Bid Price Requirement because the closing bid price of the Company’s ordinary shares has been at US$1.00 per share or greater for 15 consecutive business days, from October 13, 2025 to October 31, 2025, and the matter is now closed.

About Lucas GC Limited

With 20 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 Platform as a Service (PaaS) company. 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 does Lucas GC (LGCL) regained Nasdaq compliance mean for shareholders?

It means LGCL met Nasdaq's $1.00 minimum bid requirement for the required period and the listing deficiency is closed.

When did Lucas GC (LGCL) regain compliance with Nasdaq's minimum bid rule?

LGCL regained compliance after 15 consecutive business days from October 13, 2025 to October 31, 2025.

Which Nasdaq rule did Lucas GC (LGCL) satisfy to regain compliance?

LGCL satisfied Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement.

When did Nasdaq confirm Lucas GC (LGCL) regained compliance?

Nasdaq's Compliance Notice confirming compliance is dated November 3, 2025.

Did Lucas GC (LGCL) previously receive a Nasdaq deficiency notice?

Yes; LGCL received a deficiency notice from Nasdaq on September 5, 2025 for failing to maintain the $1.00 minimum bid.