THE GROWHUB LIMITED Announces Receipt of Nasdaq Staff Determination Letter and Intention to Request Hearing
Rhea-AI Summary
GrowHub (NASDAQ:TGHL) received a Nasdaq staff determination letter on June 5, 2026, to delist its securities from the Nasdaq Capital Market after failing to meet continued listing standards.
The company did not regain the $1.00 bid price within 180 days and is below required stockholders' equity thresholds. GrowHub plans to appeal, request a hearing by June 12, 2026, and submit a compliance plan addressing bid price and equity issues.
Positive
- Company plans to appeal Nasdaq staff delisting determination
- Intends to submit bid price and equity compliance plan to Nasdaq
- Actively working to address bid price and stockholders' equity shortfalls
Negative
- Nasdaq staff determined to delist TGHL from Nasdaq Capital Market
- Failed to regain $1.00 minimum bid price within 180-day period
- Not eligible for a second 180-day compliance period
- Below $2,500,000 stockholders' equity requirement under Rule 5550(b)
- Does not meet initial listing thresholds for equity, market value, or pre-tax income
News Market Reaction – TGHL
On the day this news was published, TGHL gained 6.88%, reflecting a notable positive market reaction. Argus tracked a peak move of +81.6% during that session. Argus tracked a trough of -22.2% from its starting point during tracking. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $22.46M at that time. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
As previously disclosed, on December 3, 2025, Nasdaq notified the Company that the bid price of its listed securities had closed below
According to the Staff Determination Letter, the Company failed to regain compliance within the 180-calendar-day compliance period, and is not eligible for a second 180-day period, as the Company does not meet the initial listing requirements relating to
In addition, Nasdaq stated that the Company did not comply with the minimum
The Company intends to appeal the Staff Determination Letter and request a hearing before the Nasdaq Hearings Panel (the "Panel") by June 12, 2026.
The Company is actively working to address the matters identified by Nasdaq, including matters relating to bid price compliance and stockholders' equity compliance. The Company intends to provide Nasdaq with a compliance plan in connection with the hearing process.
About THE GROWHUB LIMITED
The GrowHub Limited is a Singapore-based company specializing in enhancing product traceability and authenticity within supply chains through its proprietary blockchain technology platform. GrowHub offers solutions such as blockchain traceability, anti-counterfeit measures, and carbon management to promote transparency and sustainability. GrowHub's business comprises three main divisions: the GrowHub Platform, a revolutionary traceability blockchain technology solution, product trading facilitation offering, and IT professional services. For more information, visit https://thegrowhub.co/.
Cautionary Note Regarding 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. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. 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. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company's final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company's securities. 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.
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SOURCE THE GROWHUB LIMITED