Top KingWin Ltd Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

Rhea-AI Summary

Top KingWin Ltd (NASDAQ: WAI) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received formal notification from Nasdaq on May 19, 2025, confirming that it has met the listing rule 5550(a)(2), which mandates maintaining a minimum bid price of $1.00 per share. This compliance was achieved after WAI's closing bid price remained at or above $1.00 for ten consecutive business days from May 5 to May 16, 2025. With this achievement, the bid price deficiency matter has been resolved.

Positive

• Company has regained Nasdaq compliance, removing the risk of delisting
• Stock price has maintained above $1.00 for 10 consecutive trading days

Negative

• Previous trading below $1.00 indicates recent financial/market performance concerns

Guangzhou, China, May 20, 2025 (GLOBE NEWSWIRE) -- Top KingWin Ltd (“Top KingWin” or the “Company”) (Nasdaq: WAI) announced today that it received a formal notification from the Nasdaq Stock Market LLC (“Nasdaq”) on May 19, 2025, that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company’s class A ordinary shares, par value of US$0.0025 each (the “Ordinary Shares”) to maintain a minimum bid price of $1.00 per share.

The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s Ordinary Shares has been at $1.00 per share or greater for the last 10 consecutive business days from May 5 to May 16, 2025. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this bid price deficiency matter is now closed.

About Top KingWin Ltd

Top KingWin’s main clients are entrepreneurs and executives in small and medium-sized enterprises in China. Services provided by Top KingWin to its clients including (i) corporate business training services, which mainly focus on providing training services of advanced knowledge and new perspectives on the capital markets, (ii) corporate consulting services, which mainly focus on providing a combination of customized corporate consulting services to fulfill client's unique financial needs, (iii) advisory and transaction services, which mainly focus on connecting entrepreneurs and businesses with diversified sources of capital, and (iv) sales of devices to support artificial intelligence data collection and analysis. Its mission is to provide comprehensive services to address clients' needs throughout all phases of their development and growth.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, the use of proceeds from the Company's offering, the intent, belief or current expectations of Top KingWin and members of its management, as well as the assumptions on which such statements are based. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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 in its other filings with the SEC.

For more information, please contact:

Bonnie

Email: IR@tcjhgw.cn

FAQ

What did Top KingWin (WAI) do to regain Nasdaq compliance in May 2025?

Top KingWin (WAI) regained Nasdaq compliance by maintaining its closing bid price at $1.00 or above for 10 consecutive business days from May 5 to May 16, 2025, meeting Nasdaq's minimum bid price requirement.

What is the minimum bid price requirement for Nasdaq listing that WAI had to meet?

The Nasdaq Listing Rule 5550(a)(2) requires companies to maintain a minimum bid price of $1.00 per share for their ordinary shares.

When did Top KingWin (WAI) receive confirmation of regaining Nasdaq compliance?

Top KingWin received formal notification from Nasdaq on May 19, 2025, confirming its compliance with the minimum bid price requirement.

What happens now that Top KingWin (WAI) has regained Nasdaq compliance?

Now that Top KingWin has regained compliance, the bid price deficiency matter is closed, and the company continues to meet Nasdaq's listing requirements.