Webuy Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Webuy faces a Nasdaq minimum bid price deficiency but retains time and options, including a possible reverse split, to regain compliance.
Rhea-AI Summary
Webuy (WBUY) has received a Nasdaq notice that its Class A ordinary shares no longer meet the minimum US$1.00 bid price requirement under Listing Rule 5550(a)(2), after trading below US$1.00 for 30 consecutive business days from July 31 to September 11, 2026.
The notice has no immediate effect on the listing, and the shares continue to trade on Nasdaq under “WBUY.” Webuy has 180 calendar days, until March 15, 2027, to regain compliance, which would occur if the closing bid price is at least US$1.00 for a minimum of 10 consecutive business days. If still non-compliant, the company may qualify for an additional 180‑day period, potentially including a reverse stock split. Failure to cure the deficiency could lead to a delisting notice, which Webuy could appeal. The company is monitoring the situation and evaluating measures to regain compliance.
Positive
- Shares continue to trade on Nasdaq with no immediate listing impact
- Company has an initial 180-day cure period until March 15, 2027
- Potential for an additional 180-day extension if eligibility conditions are met
Negative
- Closing bid stayed below US$1.00 for 30 consecutive business days
- Failure to regain compliance may result in delisting from Nasdaq
- Company may need to consider a reverse stock split to cure deficiency
News Explained
A reverse stock split remains a possible, not committed, compliance measure: it would reduce the share count and raise the per-share price proportionally, while the split itself would not change company value.
Key Figures
- Minimum bid-price deficiency period
- 30 consecutive business days
- July 31, 2026 to September 11, 2026
- Compliance deadline
- March 15, 2027
- Initial 180-calendar-day compliance period
- Required closing bid price
- US$1.00 per share
- Must be maintained for 10 consecutive business days
- Additional compliance period
- 180 calendar days
- Potential extension subject to Nasdaq Capital Market requirements
- Reverse-split deadline
- 10 business days prior to March 15, 2027
- If used to regain compliance during the initial period
Key Terms
minimum bid price rule regulatory
reverse stock split financial
delisting regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Singapore, Sept. 18, 2026 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a technology-driven platform transforming travel services and social commerce across Southeast Asia, today announced that on September 14, 2026, it received a letter (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price of the Company's Class A ordinary shares, par value US
This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The Notification Letter has no immediate effect on the listing of the Company’s Class A Ordinary Shares, which will continue to trade uninterrupted on Nasdaq under the ticker “WBUY”.
Under Nasdaq Listing Rule 5810(c)(3)(A), Webuy has 180 calendar days, or until March 15, 2027, to regain compliance. If at any time during this period the closing bid price of the Class A Ordinary Shares is at least US
If the Company does not regain compliance within the initial 180-day period, Webuy may be eligible for an additional 180 calendar days to regain compliance, provided that it otherwise meets the continued listing requirements for market value of publicly-held shares and all other initial listing standards for The Nasdaq Capital Market under Nasdaq Listing Rule 5505, except for the Minimum Bid Price Rule, and provides a written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If Webuy chooses to implement a reverse stock split, it must complete the split no later than ten (10) business days prior to March 15, 2027 in order to regain compliance during the initial compliance period. If it appears to Nasdaq that Webuy will not be able to cure the deficiency, or if Webuy is otherwise not eligible, Nasdaq will provide notice that the Class A Ordinary Shares will be subject to delisting, at which time Webuy may appeal the delisting determination to a Nasdaq Hearings Panel.
The Company is actively monitoring the situation and evaluating all reasonable measures available to regain compliance with the Minimum Bid Price Rule within the applicable compliance period. However, there can be no assurance that Webuy will be able to regain compliance with the Minimum Bid Price Rule or maintain compliance with Nasdaq's other continued listing requirements.
About WEBUY GLOBAL LTD (Nasdaq: WBUY)
Webuy is a technology-driven platform transforming travel services and social commerce across Southeast Asia. The Company provides curated leisure travel experiences, cross-border tour services, premium travel offerings, customized travel solutions, and region-wide travel services for customers in Indonesia, Singapore, and international markets. Webuy is focused on building an integrated travel ecosystem powered by AI, service excellence, and strong regional partnerships. For more information, visit www.webuy.global.
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 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 “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 annual report on Form 20-F for the fiscal year ended December 31, 2025 and other reports it files with the U.S. Securities and Exchange Commission (the “Commission”) 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 subsequently occurring events or circumstances, or changes in its expectations, except as may be required by law.
WEBUY GLOBAL LTD Email: ir@webuy.global
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What triggered Nasdaq’s minimum bid price deficiency notice to Webuy?
The notice was triggered because the closing bid price of Webuy’s Class A ordinary shares was below US$1.00 per share for 30 consecutive business days, from July 31, 2026, to September 11, 2026, which violates Nasdaq Listing Rule 5550(a)(2).
What must Webuy do to regain compliance with Nasdaq’s minimum bid price rule?
To regain compliance within the current period, the closing bid price of Webuy’s Class A ordinary shares must be at least US$1.00 per share for a minimum of 10 consecutive business days. Nasdaq would then issue written confirmation and close the matter.
Can Webuy obtain more time beyond March 15, 2027, to fix the bid price issue?
Webuy may qualify for an additional 180 calendar days if it meets the continued listing requirements for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for the minimum bid price rule, and if it notifies Nasdaq of its intention to cure the deficiency, potentially by implementing a reverse stock split.
What role could a reverse stock split play in Webuy’s compliance plan?
The company states that curing the deficiency during a second compliance period may involve effecting a reverse stock split if necessary. If Webuy chooses this route to regain compliance during the initial 180-day period, the reverse split must be completed no later than 10 business days prior to March 15, 2027.
What happens if Nasdaq determines Webuy cannot cure the bid price deficiency?
If Nasdaq believes Webuy will not be able to cure the deficiency, or if the company is not otherwise eligible for additional time, Nasdaq may issue a notice that the Class A ordinary shares are subject to delisting. At that point, Webuy would have the right to appeal the delisting determination to a Nasdaq Hearings Panel.