Eshallgo (EHGO) granted Nasdaq extension to July 20, 2026 for $1 bid
Rhea-AI Filing Summary
Eshallgo Inc. reports that Nasdaq has granted it an additional 180 days, until July 20, 2026, to regain compliance with the exchange’s minimum bid price rule, which requires its class A ordinary shares to close at or above $1.00 per share. The company had previously fallen below this level for 30 consecutive business days, triggering a deficiency notice under Nasdaq Listing Rule 5550(a)(2).
If Eshallgo does not meet the minimum bid price requirement by the new deadline, Nasdaq staff will issue a written notice that its securities will be delisted, although the company would then have the right to appeal to a Hearings Panel. Eshallgo states that it is evaluating options and intends to use all reasonable efforts to regain compliance and maintain its Nasdaq listing.
Positive
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Insights
Nasdaq grants more time, but delisting risk remains if Eshallgo cannot lift its share price.
Eshallgo Inc. remains below Nasdaq’s required
This extension keeps the Nasdaq listing intact for now, but it does not resolve the underlying problem of a depressed share price. If the company fails to regain compliance by the new deadline, Nasdaq staff will move to delist the securities, though Eshallgo could appeal to a Hearings Panel. The company notes it is evaluating options and plans to use reasonable efforts to meet the continued listing standard.