Santech Holdings Limited Regains Compliance with NASDAQ Minimum Bid Price Requirement

Rhea-AI Summary

Santech Holdings (NASDAQ: STEC) has successfully regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2), as confirmed by a notification received from The Nasdaq Stock Market on March 12, 2025. The exchange has officially closed this matter, marking a positive development for the company's continued listing status.

Positive

• Regained NASDAQ listing compliance, eliminating immediate delisting risk
• Maintained NASDAQ listing status, ensuring continued access to public markets

Negative

• None.

HONG KONG, March 12, 2025 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ: STEC) (“Santech” or the “Company”) announced today that it received a notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has regained compliance with NASDAQ’s minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed.

About Santech Holdings Limited

Santech Holdings Limited (NASDAQ: STEC) is a consumer-focused technology company. The Company historically served a large number of high net-worth clients in China in financial services and health management, and accumulated a large customer base. The Company has exited or disposed of its historical businesses in financial services and is actively exploring innovative new opportunities in technology, including but not limited to new retail, social e-commerce and metaverse. For more information, please visit https://ir.santechholdings.com.

Safe Harbor Statement

This press release contains statements that may 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 can be identified by terminology such as “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Contact:

Santech Holdings Limited
Email: ir@santechholdings.com

FAQ

What does Santech Holdings (STEC) regaining NASDAQ compliance mean?

It means STEC has met NASDAQ's minimum bid price requirement under Rule 5550(a)(2), ensuring continued listing on the exchange.

When did Santech Holdings (STEC) receive NASDAQ compliance confirmation?

Santech received the compliance confirmation from NASDAQ on March 12, 2025.

What NASDAQ requirement did Santech Holdings (STEC) meet?

Santech met NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2).

Is Santech Holdings (STEC) still at risk of NASDAQ delisting?

No, NASDAQ has confirmed compliance and closed the matter, removing immediate delisting concerns related to minimum bid price.