Masonglory Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Rhea-AI Summary
Masonglory (NASDAQ: MSGY) received a Nasdaq notification dated March 13, 2026 citing a minimum bid price deficiency after the closing bid was below $1.00 for 30 consecutive business days (Jan 28–Mar 11, 2026).
The company has a 180‑day compliance period until Sept 9, 2026 to regain a $1.00 closing bid for 10 consecutive business days or otherwise pursue a reverse stock split or request a second 180‑day period.
Positive
- Granted a 180‑day Compliance Period ending Sep 9, 2026
- Clear cure path: $1.00 for 10 consecutive business days to regain compliance
- Option to request an additional 180‑day period if other listing criteria are met
Negative
- Closing bid below $1 for 30 consecutive business days (Jan 28–Mar 11, 2026)
- Risk of delisting if Nasdaq determines deficiency uncurable
- May need a reverse stock split completed by ~10 business days before Sep 9, 2026
News Market Reaction – MSGY
In the Mar 17 session, MSGY gained 0.28%, reflecting a mild positive market reaction. Argus tracked a peak move of +15.2% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Key Terms
closing bid price financial
nasdaq capital market regulatory
reverse stock split financial
schedule 13d regulatory
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Hong Kong, March 17, 2026 (GLOBE NEWSWIRE) -- Masonglory Limited (the “Company” or “Masonglory”) (NASDAQ: MSGY), a Hong Kong based subcontractor providing wet trades and related ancillary services to private and public sectors, announces that it received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated March 13, 2026, notifying the Company that it is not in compliance with the requirement to maintain a minimum closing bid price of
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until September 9, 2026 (the “Compliance Period”), to regain compliance with the minimum bid price requirement. To regain compliance with the minimum bid price requirement, the closing bid price of the Company’s ordinary shares must be at least
If the Company does not regain compliance by September 9, 2026, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company will be required to 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 will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting.
The Company is monitoring the closing bid price of its ordinary shares and evaluating options to regain compliance with the minimum bid price requirement, including by effecting a reverse stock split, if necessary. However, there can be no assurance that the Company will be able to timely regain or maintain compliance with Nasdaq’s continued listing requirement.
About Masonglory Limited
Founded in 2018 in Hong Kong, Masonglory Limited is a subcontractor providing wet trades services and other ancillary services to property developers and Hong Kong government. As a registered specialist trade contractor (plastering-group 2) since 2020, the Company provides customers with comprehensive wet trades works solutions, which principally include: (i) plastering on floors, ceilings, and walls; (ii) tile laying on internal and external walls and floors; (iii) brick laying; (iv) floor screeding; and (v) marble works. For more information, please visit: https://www.masontech.com.hk/; https://ir.masontech.com.hk/
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. 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 may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. 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 registration statement and other filings with the SEC.
For more information, please contact:
Masonglory Limited
Investor Relations Department
Email: services@wealthfsllc.com
