TechCreate Group Ltd. Announces Appeal of NYSE Delisting Proceedings and Engages Dickinson Wright PLLC as Legal Counsel

Key Terms

class a ordinary shares financial

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

trading suspension regulatory

A trading suspension is a temporary halt on buying and selling a company's stock imposed by an exchange or regulator while a specific issue is resolved or more information is provided. It matters to investors because it freezes the market value and prevents trades—like pausing a game until the referee clears a disputed play—so investors cannot adjust positions and may face sudden price moves or uncertainty when trading resumes.

delisting proceedings regulatory

Delisting proceedings are the formal steps taken to remove a company’s shares from a stock exchange, either because the company chose to leave or failed to meet rules like minimum share price, reporting or solvency requirements. For investors this matters because removal usually cuts trading access and liquidity, can sharply lower the share price, and makes it harder to buy, sell or get transparent information — similar to a product being pulled off supermarket shelves.

listing qualifications panel regulatory

A listing qualifications panel is a review committee at a stock exchange that checks whether a listed company meets the exchange’s ongoing rules for things like financial health, disclosures, and corporate governance. It matters to investors because the panel can require corrective actions, impose trading restrictions, or remove a company from the market—similar to a quality-control board whose decisions affect a stock’s legal standing, liquidity and value.

due process regulatory

Due process is the legal requirement that government agencies, regulators, or courts follow fair, established procedures before taking actions that affect a company or an individual's rights—such as imposing fines, revoking licenses, or conducting enforcement actions. For investors, it matters because it provides predictability and protection: like a referee following the rulebook, due process helps ensure decisions are reasoned, transparent, and open to appeal, which can reduce surprise losses and legal risk.

exchange act regulatory

A federal law that sets rules for trading securities on public exchanges, requiring companies and market participants to register, disclose regular financial information, and follow standards that promote honest, orderly markets. For investors, it matters because it creates transparency and legal protections—like stopping insider trading and ensuring timely company disclosures—so you can evaluate risks and rely on consistent rules much as players rely on a referee to keep a game fair.

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SINGAPORE--(BUSINESS WIRE)--

TechCreate Group Ltd. (NYSE American: TCGL) (“TechCreate” or the “Company”), a technology consultancy and advanced software solutions provider specializing in payment solutions, cybersecurity, and digital services, announced it has filed an appeal to the NYSE American LLC (“NYSE American”) Listing Qualifications Panel in response to a recent NYSE American Staff (“Staff”) determination to commence delisting proceedings with respect to the Company’s Class A Ordinary Shares (“Ordinary Shares”). The Company has retained Dickinson Wright PLLC (“Dickinson Wright”) as legal counsel for the appeal.

On June 12, 2026, the Company received notice from the NYSE American that its Staff had determined to commence delisting proceedings with respect to the Company's Ordinary Shares. The Exchange cited the SEC’s one-day trading suspension on February 2, 2026, the alleged basis of which was potential manipulation of the Company’s Ordinary Shares as the reason for concluding that TechCreate’s securities were “not suitable” for continued listing. However, neither the SEC nor NYSE American identified any findings attributing responsibility for the alleged manipulation to the Company. TechCreate has acknowledged publicly that there was no involvement by the Company or corporate insiders in the alleged manipulative activity; neither the Company nor corporate insiders have any knowledge regarding the persons who or entities that traded, and the Company has cooperated with all regulators who have inquired about the trading.

Lead counsel for Dickinson Wright, Jacob Frenkel, stated: “Exchange delistings based entirely on a SEC trading suspension without notice or opportunity to be heard on the merits in advance of any Exchange trading halt or delisting presents serious constitutional due process and Exchange Act fair disciplinary procedure issues. I applaud TechCreate’s Board and management for undertaking this fight to protect the company’s shareholders and business. The SEC’s trading suspension, which is an administrative not an enforcement action, makes no suggestion that TechCreate engaged in any wrongdoing.”

The Company believes there is no basis for attributing any deficiency or wrongdoing to the Company as a basis for initiating delisting proceedings. TechCreate notified NYSE American of the appointment of Dickinson Wright as its legal representative on June 17, 2026, and filed notice of its appeal on Monday, June 22, 2026. TechCreate intends to include in its arguments to the Listing Qualifications Panel that the Company has a strong and experienced Board of Directors, the Company’s securities are appropriate for continued trading, and the Company’s continued trading on the Exchange aligns with the Exchange’s reputational interests.

About TechCreate Group Ltd.

TechCreate Group Ltd. is a Singapore-based payment software solutions provider. Founded in 2015, the Company delivers digital payment and infrastructure solutions to financial institutions, telecommunications companies, deposit insurers, and enterprises. TechCreate’s offerings include real-time payment systems, digital banking platforms, API management, cybersecurity, and cloud computing. Its proprietary Artificial Intelligence Real-Time Engine (AI-RTE) is designed to enable fast, secure, and efficient payment processing. For more information, visit https://www.techcreate.com.sg/.

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" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. 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. However, 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 other factors discussed in the "Risk Factors" section of the Company’s filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and TechCreate Group Ltd. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260623811465/en/

Investor Relations
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
TCGL@gateway-grp.com

Source: TechCreate Group Ltd.