Ten-League International Holdings Limited Regains Compliance with Nasdaq Bid Price Requirement

Ten-League (Nasdaq:TLIH) received a Nasdaq Compliance Letter on May 26, 2026 confirming it has regained compliance with the $1.00 minimum bid price under Listing Rule 5550(a)(2).

Rhea-AI Summary

Ten-League (Nasdaq:TLIH) received a Nasdaq Compliance Letter on May 26, 2026 confirming it has regained compliance with the $1.00 minimum bid price under Listing Rule 5550(a)(2).

The company remains under a Mandatory Panel Monitor until May 25, 2027, with potential expedited delisting if bid price falls again.

Positive

• Regained compliance with Nasdaq $1.00 minimum bid price rule
• Granted continued listing on Nasdaq Capital Market by Hearings Panel
• Panel cited strong growth in revenue and net income
• Recent contract to deliver electrical terminal tractors and batteries
• Completion and delivery of first battery substation in Singapore

Negative

• Subject to Mandatory Panel Monitor through May 25, 2027
• Failure to maintain $1.00 bid for 30 days triggers delist determination without grace period
• Recent history of non-compliance and delisting risk under Minimum Bid Price Rule

Argus Jun 1 session

+8.99% close to close Open Argus

Details

News Market Reaction – TLIH

In the Jun 1 session, TLIH gained 8.99%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +9.0% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +9.0% in the session following this news. A strong positive reaction aligns with the removal of immediate delisting risk after Nasdaq confirmed compliance with the $1.00 minimum bid requirement. Past news on fundamentals and guidance produced large upside moves, suggesting investors have responded well to de-risking events. However, the Mandatory Panel Monitor through May 25, 2027 and the need to maintain at least 30 consecutive days above the threshold could limit how durable any sharp re-rating becomes.

Key Figures

Minimum bid price: $1.00 per share Monitor end date: May 25, 2027 Monitor duration: One-year period +5 more

Minimum bid price

$1.00 per share

Nasdaq Listing Rule 5550(a)(2) requirement

Monitor end date

May 25, 2027

End of Mandatory Panel Monitor period

Monitor duration

One-year period

Mandatory Panel Monitor following compliance

Bid price duration

30 consecutive business days

Required closing bid above $1.00 during monitor

Staff Determination date

March 10, 2026

Nasdaq Staff delisting determination for bid price

Hearing date

April 16, 2026

Hearing before Nasdaq Hearings Panel

Panel decision date

May 12, 2026

Panel granted continued listing with conditions

Compliance deadline

May 15, 2026

Deadline to demonstrate compliance with bid rule

Historical Context

5 past events · Latest: Apr 30

5 events

1. Apr 30

   Earnings results

   24h Move

   +50.8%

   Strong fiscal 2025 revenue and net income growth post-IPO.

2. Apr 29

   Reverse share split

   24h Move

   -0.5%

   1-for-10 reverse split to support Nasdaq listing bid price.

3. Mar 16

   Delisting notice

   24h Move

   -12.9%

   Nasdaq Staff delisting determination for sub-$1 bid price.

4. Feb 24

   Guidance update

   24h Move

   +37.7%

   Issued FY2025 guidance with strong revenue and income growth outlook.

5. Dec 19

   Project handover

   24h Move

   +6.0%

   Handover of five hydraulic grabs for Singapore CRL projects.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

minimum bid price rule, mandatory panel monitor, closing bid price, delist determination, +2 more

6 terms

minimum bid price rule regulatory

"under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”)"

A minimum bid price rule is a stock market requirement that a listed company's share must trade above a set minimum price over a specified period to remain listed on an exchange. It matters to investors because falling below that threshold can trigger warnings, potential delisting, and reduced liquidity—similar to a student needing a passing grade to stay enrolled—making the shares harder to buy, sell, or value accurately.

mandatory panel monitor regulatory

"the Company remains subject to a Mandatory Panel Monitor through May 25, 2027"

A mandatory panel monitor is an independent group tasked with regularly reviewing safety and key results during a clinical trial or regulated program to protect participants and ensure the study is conducted properly. For investors, this matters because the panel can recommend changes, pauses, or early stopping of a trial — actions that can speed up, delay, or quietly derail a program and therefore materially affect a company’s timeline and value, much like a referee whose calls change the outcome of a game.

closing bid price financial

"fails to evidence a closing bid price of $1.00 per share for 30 consecutive business days"

The closing bid price is the last price that a buyer was willing to pay for a security at the end of the trading day. It reflects the final visible demand for the stock — like the last offer someone makes for a used car before a yard closes — and helps investors gauge market interest, set valuations, and mark portfolios to market for that day.

delist determination regulatory

"the Listing Qualifications staff (the “Staff”) of Nasdaq will issue a delist determination"

A delist determination is an official decision by a securities exchange or regulator to remove a company’s shares from public trading. For investors it matters because it can abruptly limit the ability to buy or sell those shares, often signals serious financial or compliance problems, and can sharply reduce the stock’s market value—similar to a store deciding to stop carrying a product, making it harder to find and sell.

hearings panel regulatory

"may request a new hearing before the Hearings Panel (the “Panel”)"

A hearings panel is a review body at a stock exchange that hears the case when the exchange has decided a company no longer qualifies to keep its shares listed. The company presents a plan to regain compliance, and the panel decides whether the listing continues, on what conditions, and for how long. The decision can keep a stock trading or end its listing.

staff determination regulatory

"the Company received a Staff Determination from the Staff stating that the Nasdaq Staff has determined"

A staff determination is a formal decision or finding made by agency or company employees who handle reviews and enforcement, rather than by higher-level boards or executives. Think of it like a referee’s ruling during a game: it resolves a specific procedural or compliance question and can affect whether a filing, claim, or product moves forward, the timing of approvals, and potential legal or market consequences for investors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SINGAPORE, June 01, 2026 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (Nasdaq: TLIH) (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced that on May 26, 2026, it received a letter (the "Compliance Letter") from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”).

The Compliance Letter further stated that the Company remains subject to a Mandatory Panel Monitor through May 25, 2027. If within the one-year monitor period the Company fails to evidence a closing bid price of $1.00 per share for 30 consecutive business days, the Company will not be afforded a grace period otherwise available under the Nasdaq Listing Rules; rather, the Listing Qualifications staff (the “Staff”) of Nasdaq will issue a delist determination, at which time the Company may request a new hearing before the Hearings Panel (the “Panel”).

As previously disclosed, on March 10, 2026, the Company received a Staff Determination from the Staff stating that the Nasdaq Staff has determined that the Company’s securities would be subject to delisting from The Nasdaq Capital Market as a result of the Company’s non-compliance with the Minimum Bid Price Rule, unless the Company timely requests a hearing before the Panel. Accordingly, the Company timely requested a hearing before the Panel. A hearing on this matter was held on April 16, 2026.

On May 12, 2026, the Company received a letter from the Panel that the Panel had granted the Company’s request for continued listing on the condition that the Company demonstrates compliance with the Minimum Bid Price Rule on or before May 15, 2026. The Panel considered the Company’s strong growth in revenue and net income, as well as the Company’s recent contractual arrangement to deliver units of electrical terminal tractors and batteries, and its recent completion and delivery of the first battery substation in Singapore.

About Ten-League International Holdings Limited

Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions. The Company’s business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. The equipment is organized into four categories based on their functions and application scenarios: foundation equipment, hoist equipment, excavation equipment and port machinery. The Company also provides value-added engineering solutions under engineering consultancy services with the aim to address potential safety issues, enhance reliability and productivity and allow for customers to evaluate the performance of the equipment, the quality of the work completed and the progress of their projects. Ten-League’s mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair through continuous adaptation and application of new technologies. For more information, please visit the Company’s website: https://ir.ten-league.com.sg/.

Forward-Looking Statements

Certain statements in this press release 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 the Company believes 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 “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate” 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. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Annual Reports on Form 20-F, as may be supplemented or amended by the Company’s Reports of a Foreign Private Issuer on Form 6-K.

For more information, please contact:

Ten-League International Holdings Limited
Investor Relations Department
Email: ir@ten-league.com.sg

Ascent Investor Relations LLC
Tina Xiao
Phone: +1 646-932-7242
Email: investors@ascent-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ten-League (Nasdaq:TLIH) announce about regaining Nasdaq bid price compliance on May 26, 2026?

Ten-League announced it received a Nasdaq Compliance Letter on May 26, 2026 confirming it regained compliance with the $1.00 minimum bid price. According to Ten-League, this satisfies Nasdaq Listing Rule 5550(a)(2) and follows a conditional continued-listing decision from the Hearings Panel.

Why was Ten-League (TLIH) previously at risk of Nasdaq delisting in March 2026?

Ten-League was at risk of delisting after a March 10, 2026 Staff Determination related to non-compliance with the Minimum Bid Price Rule. According to Ten-League, this prompted a timely hearing request before the Nasdaq Hearings Panel, which ultimately granted conditional continued listing.

What is the Nasdaq Mandatory Panel Monitor for Ten-League (TLIH) through May 25, 2027?

Ten-League remains under a Nasdaq Mandatory Panel Monitor until May 25, 2027, following its recent compliance decision. According to Ten-League, this monitoring means its stock must maintain required bid price levels or face an accelerated delisting determination without the usual grace period.

What happens if Ten-League (TLIH) falls below the $1.00 bid price during the monitor period?

If Ten-League’s closing bid stays below $1.00 for 30 consecutive business days during the monitor period, Nasdaq Staff will issue a delist determination. According to Ten-League, the company could then request a new hearing before the Nasdaq Hearings Panel.

What business factors supported Ten-League’s continued Nasdaq listing in May 2026?

The Nasdaq Hearings Panel considered Ten-League’s strong growth in revenue and net income, a recent contract to deliver electrical terminal tractors and batteries, and completion of its first battery substation in Singapore. According to Ten-League, these factors supported the decision for continued listing.