Wellchange Holdings Company Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement

Rhea-AI Summary

Wellchange Holdings (NASDAQ: WCT) received a Nasdaq Listing Qualifications notice granting an additional 180-calendar-day compliance period to regain the $1.00 minimum bid requirement, extending the deadline to April 27, 2026. Nasdaq initially notified the company on April 30, 2025 that WCT did not meet the $1.00 closing bid standard and the first 180-day period expired on October 27, 2025.

The extension reflects compliance with other listing rules and the company’s written intention to cure the deficiency, including a possible reverse stock split. Shares will continue trading under WCT while the company must achieve a $1.00 closing bid for at least 10 consecutive business days during the period or face potential delisting and appeal rights.

Positive

• Nasdaq granted an additional 180-day compliance period
• Company complies with other Nasdaq listing requirements
• Class A shares will continue trading under WCT

Negative

• Failed to meet the $1.00 minimum bid requirement since April 30, 2025
• Risk of delisting if compliance not regained by April 30, 2026
• Company may need a reverse stock split, risking dilution or market reaction

Insights

Listing Compliance Analyst

Nasdaq granted Wellchange a 180-day extension to cure a sub-$1.00 bid price deficiency, avoiding immediate delisting risk.

Wellchange retains its Nasdaq Capital Market listing while it must achieve a closing bid of at least $1.00 for ten consecutive business days by April 27, 2026 (extension to regain compliance). Nasdaq noted the company meets all other continued listing requirements except the bid price, and the company signaled intent to cure the deficiency, including a reverse stock split if needed.

The primary dependency is the share price sustaining the minimum bid threshold within the extended period. If the company fails to meet the $1.00 requirement by April 30, 2026, Nasdaq will notify the company that its securities are subject to delisting, and the company may appeal to a Nasdaq Hearings Panel. Monitor the ten-day closing bid sequence and any announced corporate actions, such as a reverse stock split, through April 27, 2026 for signs of compliance.

Hong Kong, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Wellchange Holdings Company (NASDAQ: WCT) ("Wellchange" or the "Company"), today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day compliance period, or until April 27, 2026, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

As previously disclosed, on April 30, 2025, Nasdaq notified the Company that its listed securities did not meet the minimum bid price requirement of $1.00 per share over the preceding 30 consecutive business days. The initial 180-day compliance period expired on October 27, 2025.

The additional compliance period is granted based on the Company's compliance of all other continued listing requirements for the Nasdaq Capital Market, except for the bid price requirement, and providing written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

To regain compliance, the Company’s Class A ordinary shares (previously designated as ordinary shares prior to August 7, 2025) must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the compliance period. If the Company does not regain compliance by April 30, 2026, Nasdaq will provide written notification that the Company’s securities are subject to delisting. At that time, the Company would have the right to appeal the determination to a Nasdaq Hearings Panel.

This notification from Nasdaq has no immediate effect on the listing or trading of the Company’s Class A ordinary shares, which will continue to trade on the Nasdaq Capital Market under the symbol “WCT.”

About Wellchange Holdings Company Limited

Wellchange Holdings Company Limited is an enterprise software solution services provider headquartered in Hong Kong. The Company conducts all operations in Hong Kong through its operating subsidiary, Wching Tech Ltd Co. The Company provides customized software solutions, cloud-based software-as-a-service (“SaaS”) platforms, and “white-label” software design and development services. The Company’s mission is to empower our customers and users, in particular, small and medium businesses, to accelerate their digital transformation, optimize productivity, improve customer experiences, and enable resource-efficient growth with our low-cost, user-friendly, reliable and integrated all-in-one Enterprise Resource Planning software solutions.

For more information, please visit the Company’s website: https://www.wchingtech.com/

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the closing of the Offering, 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 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.

For investor and media inquiries, please contact:

Wellchange Holdings Company Limited

Shek Kin Pong, CEO

Email: contactus@wchingtech.com

Company Contact

Bit Origin Ltd
Mr. Jiang Jinghai, Chairman of the Board, CEO and COO
Email: ir@bitorigin.io

To keep updated on Bit Origin’s news releases and SEC filings, please subscribe to email alerts at https://bitorigin.io/contact

FAQ

What extension did Wellchange (WCT) receive from Nasdaq on October 30, 2025?

Nasdaq granted an additional 180-calendar-day compliance period, extending to April 27, 2026.

What must WCT do to regain Nasdaq compliance during the new period?

WCT must maintain a closing bid of $1.00 per share for at least 10 consecutive business days during the compliance period.

Will Wellchange shares stop trading after the Nasdaq notice for WCT?

No. The notification has no immediate effect and Class A shares will continue trading under the symbol WCT.

What happens if Wellchange does not regain compliance by April 30, 2026?

Nasdaq will notify the company that its securities are subject to delisting, and the company may appeal to a Nasdaq Hearings Panel.

Is Wellchange considering a reverse stock split to meet Nasdaq rules (WCT)?

The company provided written notice of its intention to cure the deficiency, including possibly effecting a reverse stock split if necessary.