STOCK TITAN

Nasdaq warns Creative Global Technology (NASDAQ: CGTL) on sub-$1 bid price

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Creative Global Technology Holdings Limited has been notified by Nasdaq that its ordinary shares no longer meet the $1.00 minimum bid price requirement after trading below that level for 30 consecutive business days from May 13 to June 25, 2026. The shares remain listed on the Nasdaq Capital Market under the symbol CGTL, and there is no immediate delisting.

The company has a 180‑day compliance period, until December 23, 2026, to regain compliance. If the closing bid price is at least $1.00 for 10 consecutive business days during this period, Nasdaq will confirm compliance. If the company still falls short by that date, it may seek an additional grace period by meeting other listing standards and indicating plans to cure the deficiency, which could include a reverse stock split.

Positive

  • None.

Negative

  • Nasdaq minimum bid price deficiency: CGTL’s shares traded below the $1.00 minimum bid price for 30 consecutive business days, triggering a Nasdaq deficiency notice and creating a risk of eventual delisting if compliance is not regained.

Insights

Nasdaq bid-price deficiency raises listing risk but allows time to cure.

Nasdaq has notified Creative Global Technology Holdings Limited that its ordinary shares failed the $1.00 minimum bid price test for 30 consecutive business days. The stock remains on the Nasdaq Capital Market, so this is a warning stage, not an immediate delisting.

The company has until December 23, 2026 to restore the bid to at least $1.00 for 10 straight trading days. If it cannot, it may still qualify for a second compliance period by satisfying other Nasdaq Capital Market standards and formally committing to a remedy, potentially including a reverse stock split. Actual impact will depend on future share-price performance and any corporate actions taken.

Minimum bid price threshold $1.00 per share Nasdaq Listing Rule 5550(a)(2) requirement
Non-compliance period 30 consecutive business days Below $1.00 from May 13, 2026 to June 25, 2026
Initial compliance period 180 calendar days To regain minimum bid price compliance, ending December 23, 2026
Re-compliance trading requirement 10 consecutive business days Closing bid at or above $1.00 per share
minimum bid price requirement financial
"notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2)"
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.
Nasdaq Listing Rule 5550(a)(2) regulatory
"not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2)"
Nasdaq Listing Rule 5810(c)(3)(A) regulatory
"Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days"
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.
forward-looking statements regulatory
"This press release contains forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

  

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-42412

 

 

 

Creative Global Technology Holdings Limited

 

 

 

Unit 03, 22/F, Westin Centre,
26 Hung To Road, Kwun Tong,
Kowloon, Hong Kong
People’s Republic of China
(Address of principal executive offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒             Form 40-F ☐

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On June 26, 2026, Creative Global Technology Holdings Limited (the “Company”) received a letter from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price per share for its ordinary shares (“Ordinary Shares”) was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Nasdaq notification letter does not result in the immediate delisting of the Company’s Ordinary Shares, and the Ordinary Shares will continue to trade uninterrupted under the symbol “CGTL”.

 

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until December 23, 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 ten (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 by December 23, 2026, the Company may be eligible for additional time of grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and 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.

 

On June 29, 2026, the Company issued a press release entitled “Creative Global Technology Holdings Limited Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency.” A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 6-K and is incorporated herein by reference.

 

1

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release

 

2

 

Explanatory Note

 

This Form 6-K is hereby incorporated by reference into the registration statements of the Company on Form S-8 (Registration Number 333-284400) to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

3

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Creative Global Technology Holdings Limited
   
Date: June 29, 2026 By: /s/ Hei Tung (“Angel”) Siu
  Name: Hei Tung (“Angel”) Siu
  Title: Chief Executive Officer

 

4

 

Exhibit 99.1

 

Creative Global Technology Holdings Limited Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

 

HONG KONG, June 29, 2026 (GLOBE NEWSWIRE) -- Creative Global Technology Holdings Limited (“CGTL”, the “Company”, or “we”) (NASDAQ: CGTL), a Hong Kong-based company sourcing and reselling recycled consumer electronic devices, today announced that, on June 26, 2026, the Company received a notification letter (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). The Notification Letter is based upon the fact that the closing bid price of the Company’s ordinary shares (“Ordinary Shares”) was below $1.00 per share for a period of 30 consecutive business days from May 13, 2026 to June 25, 2026.

 

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 Ordinary Shares, which will continue to trade uninterrupted on Nasdaq under the ticker “CGTL”.

 

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until December 23, 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 December 23, 2026, the Company may be eligible for additional time of grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and 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 Creative Global Technology Holdings Limited

 

Creative Global Technology Holdings Limited is dedicated to extending the life of consumer electronics through effective recycling, supporting a sustainable circular economy and reducing electronic waste. The Company connects supply and demand for pre-owned devices, maximizing their utility. Specializing in sourcing and reselling recycled smartphones, tablets, and laptops, CGTL facilitates the flow of retired devices from affluent markets like the U.S. and Japan to developing regions in need of affordable technology. With a lean inventory and efficient logistics, CGTL ensures quick inspection and availability for clients. CGTL has also expanded into retail sales and device rentals, providing Hong Kong residents access to quality recycled electronics and meeting short-term needs. For more information, please visit: http://www.cgt-recycle.com; https://ir.cgt-recycle.com/.

 

Forward-Looking Statement

 

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the Form 20-F filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

For more information, please contact:

 

Investor Relations

Tel: +852 26909121

Email: ir@cgt-recycle.com

 

FAQ

What did Creative Global Technology Holdings (CGTL) disclose in this Form 6-K?

CGTL disclosed it received a Nasdaq notice that its ordinary shares are below the $1.00 minimum bid price for 30 consecutive business days. The shares remain listed while the company works within defined compliance periods to address the deficiency.

Why did Nasdaq send Creative Global Technology Holdings a minimum bid price notice?

Nasdaq sent the notice because CGTL’s ordinary shares had a closing bid price below $1.00 per share for 30 consecutive business days, from May 13, 2026 to June 25, 2026. This violates Nasdaq Listing Rule 5550(a)(2) for the Nasdaq Capital Market.

How long does CGTL have to regain Nasdaq minimum bid price compliance?

CGTL has 180 calendar days, until December 23, 2026, to regain compliance. If during this period the closing bid price is at least $1.00 for 10 consecutive business days, Nasdaq will confirm compliance and close the matter.

What happens if Creative Global Technology Holdings fails to regain compliance by December 23, 2026?

If CGTL does not regain compliance by December 23, 2026, it may be eligible for an additional grace period. To qualify, it must meet other initial listing standards and notify Nasdaq of its plan to cure the deficiency, potentially through a reverse stock split.

Does the Nasdaq notification immediately affect CGTL’s listing or trading?

The notification has no immediate effect on CGTL’s listing. The company’s ordinary shares continue trading uninterrupted on the Nasdaq Capital Market under the ticker CGTL while it works within the compliance timeframe defined by Nasdaq rules.

What business does Creative Global Technology Holdings Limited operate?

CGTL sources and resells recycled consumer electronic devices such as smartphones, tablets, and laptops. It focuses on extending device life, moving used electronics from affluent markets to developing regions, and has expanded into retail sales and device rentals in Hong Kong.

Filing Exhibits & Attachments

1 document