WF International Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

Rhea-AI Summary

WF International (NASDAQ: WXM) received a Nasdaq notice dated Dec 24, 2025 that its closing bid price was below $1.00 for 33 consecutive business days from Nov 6, 2025 to Dec 23, 2025, triggering a deficiency under Nasdaq Listing Rule 5550(a)(2).

The notice does not affect current trading; shares will continue to trade under WXM. The company has a 180-calendar-day Compliance Period until Jun 22, 2026 to regain compliance by achieving a closing bid ≥$1.00 for at least 10 consecutive business days. If not regained, the company may request an additional 180-day period by demonstrating it meets other Nasdaq Capital Market listing standards and notifying Nasdaq of plans to cure, which could include a reverse stock split.

Positive

• Shares continue trading uninterrupted on Nasdaq under WXM
• Company has a 180-day compliance window until Jun 22, 2026
• Nasdaq confirms compliance if price ≥$1.00 for 10 consecutive business days

Negative

• Closing bid price was below $1.00 for 33 consecutive business days
• Potential need for a reverse stock split to regain compliance
• Risk of listing action if compliance not regained by Jun 22, 2026

Key Figures

Bid price threshold $1.00 per share Nasdaq Listing Rule 5550(a)(2) minimum bid requirement

Days below $1 33 business days Closing bid below $1.00 from Nov 6, 2025 to Dec 23, 2025

Initial compliance period 180 calendar days Time allowed to regain bid price compliance to June 22, 2026

Compliance window 10 consecutive business days Required period with bid at or above $1.00 to regain compliance

Possible extension Additional 180 days Potential second compliance period if other standards met

Par value $0.000001 per share Ordinary shares par value as disclosed in notice

Current price $0.5299 Pre-notice trading level, down 8.61% on the day

52-week high $7.99 Current price 93.37% below 52-week high

Market Reality Check

$0.5200 Last Close

Volume Volume 119,899 is about 1.83x the 20-day average of 65,389, indicating elevated trading ahead of this notice. high

Technical Shares at $0.5299 are trading below the 200-day MA of $2.37, reflecting a sustained downtrend.

Peers on Argus 1 Down

Peers show mixed moves: LBGJ -13%, TLIH -2.01%, CVV +2.01%, WFF +5.41%, while momentum data flags WFF down 7.74%, suggesting WXM’s Nasdaq deficiency issue is stock-specific rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 13	Distribution agreement	Positive	-22.0%	Award of one-year Hisense HVAC distribution qualification expanding portfolio.
Nov 06	Follow-on offering close	Negative	-15.5%	Closing of $3.44M follow-on public offering of units with warrants.
Nov 05	New distributorship	Positive	-54.9%	One-year HITACHI inverter-driven HVAC distributorship for China market.
Nov 05	Offering pricing	Negative	-54.9%	Pricing of $3.44M follow-on public offering of units at $2.00.
Oct 28	Project completion	Positive	-2.9%	Completion of RMB 6.14M HVAC contract for eco-luxury development.

Pattern Detected

Positive operational news has repeatedly coincided with sharp share price declines, while financing events have also drawn negative reactions.

Recent Company History

Over the past months, WF International has combined project wins and new distributorships with dilutive capital raising. On Oct 28, it completed an RMB 6.14M HVAC project with only a modest -2.93% move. Subsequent HITACHI and Hisense distribution wins on Nov 5 and Nov 13 saw steep declines of -54.86% and -22.02%. Follow-on offerings around Nov 5–6 for about $3.44M also corresponded with double-digit drops, framing today’s Nasdaq bid-price notice against a backdrop of sustained selling pressure.

Market Pulse Summary

The stock moved +8.8% in the session following this news. A strong positive reaction aligns with the stock’s deeply discounted level versus its $7.99 52-week high and existing Nasdaq bid-price deficiency. Historically, WXM experienced sharp declines even on constructive operational news and capital raises, suggesting sentiment had already been weak. Any sustained upside after this notice would need to contend with prior dilution from recent unit offerings and warrant repricing, as well as execution risks in restoring and maintaining compliance above $1.00.

Key Terms

minimum bid price requirement regulatory

"not currently in compliance with the minimum bid price requirement set forth under"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

reverse stock split financial

"including by effecting a reverse stock split, if necessary."

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

AI-generated analysis. Not financial advice.

CHENGDU, China, Dec. 30, 2025 /PRNewswire/ --  WF International Limited (the "Company" or "WF International") (NASDAQ: WXM), an integrated electromechanical solutions company specializing in the supply, installation, fitting-out, and maintenance of HVAC systems, floor heating systems, and water purification systems, today announced that the Company had received a notification letter (the "Notification Letter") dated December 24, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifiying the Company that it is not currently in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), because the closing bid price of the Company's ordinary shares, par value $0.000001 per share, was below $1.00 per share for a period of 33 consecutive business days from November 6, 2025, to December 23, 2025.

The Notification Letter has no immediate effect on the listing of the Company's ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker "WXM".

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until June 22, 2026 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance with the minimum bid price requirement by June 22, 2026, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.

About WF International Limited

WF International Limited specializes in the supply, installation, fitting-out, and maintenance services for HVAC systems, floor heating systems, and water purification systems. With extensive experience serving commercial projects and high-end residential projects throughout Sichuan, China, the Company has established itself as a trusted provider of premium electromechanical solutions.

The Company's portfolio includes installations for HVAC projects such as the International Finance Squares across China, Chengdu Vanke Charm City, Chengdu Raffles Plaza, Chengdu Yinshi Plaza, Chengdu Metro No. Ten Line, and Panzhihua Jinhai Hotel.

Since 2017, WF International has expanded its service offerings to include comprehensive heating and water purification solutions, positioning itself as an integrated supplier of both electromechanical products and installation services for large-scale commercial projects and real estate developer clients that offer high-end fully furnished homes. For more information, please visit the Company's website at https://wf.international.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's anticipated use of proceeds of this Offering. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely," "potential," and "continue." These statements are based on current expectations and projections about future events that may affect our financial condition, results of operations, business strategy, and financial needs. Actual results may differ materially due to risks and uncertainties, including those in the "Risk Factors" section in the Company's Annual Report on Form 20-F for the fiscal year ended September 30, 2024, filed with the SEC on February 3, 2025 and prospecus for the Company's initial public offering, filed with the SEC on April 1, 2025. These factors include, but are not limited to: the uncertainties related to market conditions, industry growth and competition, supplier and customer dependencies, project execution capabilities, expansion plans, economic and political conditions, and technological changes. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. 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. Investors should not place undue reliance on forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

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SOURCE WF International Limited

FAQ

What did WF International (WXM) notify investors about on Dec 24, 2025?

Nasdaq notified WF International that its closing bid was below $1.00 for 33 consecutive business days, creating a minimum bid price deficiency.

Will WF International shares stop trading after the Nasdaq notice?

No. The notice has no immediate effect and shares will continue trading uninterrupted under WXM on Nasdaq.

How long does WXM have to regain compliance with Nasdaq's $1.00 minimum bid rule?

WXM has a 180-calendar-day compliance period ending on Jun 22, 2026 to regain compliance.

What price and duration must WXM reach to regain Nasdaq compliance?

The closing bid must be at least $1.00 per share for a minimum of 10 consecutive business days.

What happens if WXM does not regain compliance by Jun 22, 2026?

The company may be eligible for an additional 180-day grace period if it meets other Nasdaq listing standards and notifies Nasdaq of cure plans.

Could WF International use a reverse stock split to cure the Nasdaq deficiency?

Yes. The company may effect a reverse stock split as part of its plan to regain compliance if necessary.