Raytech Holding Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Rhea-AI Summary
Raytech Holding (NASDAQ: RAY) received a Nasdaq notice on October 14, 2025 that its 30-day closing bid has fallen below the $1 minimum bid requirement under Nasdaq Rule 5550(a)(2). The notice does not affect current listing or trading and provides an initial 180-calendar-day compliance period ending April 13, 2026 to regain the minimum bid threshold.
If the company meets market-value and other initial listing standards (except bid price), it may request an additional 180-day extension while pursuing a cure, including a possible reverse stock split. The company is evaluating options and intends to seek timely compliance but disclosed there is no assurance it will succeed.
Positive
- Nasdaq granted a 180-day compliance period to April 13, 2026
- Possible additional 180-day extension if market-value and other standards are met
Negative
- Bid price below $1 for 30 consecutive business days, failing Rule 5550(a)(2)
- Company faces risk of delisting if it does not regain compliance within the period
- Company stated no assurance it will be able to regain compliance
News Market Reaction
On the day this news was published, RAY declined 25.05%, reflecting a significant negative market reaction. Argus tracked a trough of -30.1% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $15M at that time. Trading volume was elevated at 2.8x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
Hong Kong, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Raytech Holding Limited (NASDAQ: RAY) (the “Company”), a Hong Kong-headquartered company specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced, on October 14, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that based on the closing bid price of the ordinary shares of the Company for the last 30 consecutive business days, 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
The notification has no immediate effect on the listing or trading of the Company’s ordinary shares on Nasdaq. Nasdaq has provided the Company with an 180 calendar days compliance period, or until April 13, 2026, in which 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 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 Raytech Holding Limited
Raytech Holding Limited is a Hong Kong-headquartered company with over 10 years of experience in the personal care electrical appliance industry. Through its operating subsidiary in Hong Kong, it sources and wholesales a diverse range of personal care electrical appliances ranging from hair styling, tooling, trimmer, eyelash curler, neck care, to nail care and other body and facial care appliances for international brand owners, providing integrated product design, production processing, and manufacturing solutions. For more information please visit: https://ir.raytech.com.hk/
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in U.S., Hong Kong and China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Media & Investor Contact:
International Elite Capital Inc.
Annabelle Zhang
Tel: +1(646) 866-7928
Email: management@iecapitalusa.com
FAQ
What did Raytech (RAY) disclose about Nasdaq minimum bid compliance on October 22, 2025?
How long does Raytech (RAY) have to regain Nasdaq compliance after the October 14, 2025 notice?
What actions can Raytech (RAY) take to cure the Nasdaq minimum bid deficiency?
Will the Nasdaq notice immediately affect Raytech (RAY) trading on Nasdaq?
What happens if Raytech (RAY) cannot regain compliance by April 13, 2026?
