TWG Granted Second Grace Period by Nasdaq for Minimum Bid Price Compliance

Rhea-AI Summary

Top Wealth Group (NASDAQ: TWG) has received a second 180-day grace period from Nasdaq until December 8, 2025, to meet the minimum bid price requirement of $1 per share under Listing Rule 5550(a)(2). This extension follows the initial grace period and gives TWG additional time to regain compliance. If the company fails to meet the requirement by the new deadline, it will receive a delisting notification, though it can appeal to a Hearings Panel. TWG states it is evaluating options and will make reasonable efforts to regain compliance with the listing requirement.

Positive

• Company granted additional 180 days to regain compliance instead of immediate delisting
• Opportunity to appeal to Hearings Panel if compliance is not achieved by deadline

Negative

• Company still unable to maintain minimum $1 share price requirement after initial grace period
• Risk of potential delisting from Nasdaq if compliance is not achieved by December 8, 2025
• No concrete plan presented to address the minimum bid price issue

News Market Reaction

+18.23%

1 alert

+18.23% News Effect

On the day this news was published, TWG gained 18.23%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Hong Kong, June 11, 2025 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (NASDAQ: TWG) (“Top Wealth” or the “Company”), announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on June 10, 2025, indicating that the Company is granted an additional 180 calendar days, until December 8, 2025, to regain compliance with the minimum bid price requirement of $1 per share, as stipulated by Nasdaq Listing Rule 5550(a)(2). If compliance cannot be demonstrated by December 8, 2025, Nasdaq staff will provide written notification that the Company’s securities will be delisted. At that time, the Company may appeal Nasdaq staff’s determination to a Hearings Panel.

The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. The Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2).

About Top Wealth Group Holding Limited

Top Wealth Group Holding Limited is a holding company incorporated in the Cayman Islands, and all of its operations are carried out by its operating subsidiary in Hong Kong, Top Wealth Group (International) Limited. The Company specializes in supplying premium-class sturgeon caviar, and its caviar and caviar products are endorsed with the Convention on International Trade in Endangered Species of Wild Fauna and Flora (“CITES”) permits. The Company supplies caviar to its customers under its customer’s brand labels (i.e. private labeling), and the Company also sells the caviar product under the Company’s caviar brand, “Imperial Cristal Caviar”, which has continuously achieved tremendous sales growth since its launch in the market.

Safe Harbor Statement

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. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in verbal statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For more information, please contact:

Top Wealth Group Holding Limited
Investor Relations
Email: ir@topwealth.cc

FAQ

What is the deadline for TWG to meet Nasdaq's minimum bid price requirement?

TWG has until December 8, 2025, to meet Nasdaq's minimum bid price requirement of $1 per share.

What happens if TWG fails to meet Nasdaq's minimum bid price requirement by December 8, 2025?

If TWG fails to meet the requirement, they will receive a delisting notification but can appeal the decision to a Nasdaq Hearings Panel.

What is the minimum share price TWG needs to maintain for Nasdaq compliance?

TWG needs to maintain a minimum bid price of $1 per share to comply with Nasdaq Listing Rule 5550(a)(2).

How long is the second grace period granted to TWG by Nasdaq?

Nasdaq granted TWG an additional 180-day grace period, extending from June 10, 2025, to December 8, 2025.

What options does TWG have to regain Nasdaq compliance?

While specific options weren't detailed in the announcement, TWG stated they are evaluating options and will use all reasonable efforts to regain compliance with the minimum bid requirement.