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Eastern International gets Nasdaq $1 bid notice

Eastern International faces a Nasdaq minimum bid price deficiency and has until March 9, 2027 to regain compliance or risk potential delisting.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Eastern International Ltd. (ELOG) reported that Nasdaq notified the company on September 10, 2026 that it no longer meets the Minimum Bid Price Requirement, because its ordinary shares closed below $1.00 for 30 consecutive trading days under Nasdaq Rule 5550(a)(2). The notice has no immediate effect on the listing. The company has 180 calendar days, until March 9, 2027, to regain compliance, which will occur if the closing bid price is at least $1.00 for a minimum of 10 consecutive business days. If still non-compliant, it may seek a further 180-day period if it meets other Nasdaq Capital Market initial listing standards and formally indicates an intention to cure, potentially through a reverse stock split. The company states it will monitor its share price and consider available options to resolve the deficiency.

Positive

  • Nasdaq’s deficiency notice has no immediate effect on Eastern International’s listing status, allowing continued trading while the company works on regaining compliance.
  • Eastern International has an initial 180-day window to March 9, 2027, with the possibility of an additional 180 days, giving it substantial time to address the bid price issue.

Negative

  • Eastern International no longer meets Nasdaq’s $1.00 minimum bid price requirement after 30 consecutive trading days below that level, creating a risk of potential delisting if compliance is not restored.
  • If Eastern International fails to regain compliance within allowed periods, Nasdaq may delist the company’s securities from the Nasdaq Capital Market.

Filing Explained

The disclosed deficiency remains unresolved after the March 9, 2027 deadline unless the company regains compliance. A second 180-day period would be conditional on meeting Nasdaq Capital Market standards, including the market-value requirement for publicly held shares, and providing written intent to cure—potentially through a reverse stock split; otherwise Nasdaq may issue a delisting notice.

Nasdaq minimum bid price requirement $1.00 per share Required minimum bid price under Nasdaq Marketplace Rule 5550(a)(2)
Consecutive trading days below minimum 30 trading days Period during which ELOG’s closing bid was below $1.00, triggering deficiency
Initial compliance period 180 calendar days From September 10, 2026 notice to March 9, 2027 to regain compliance
Required compliant trading streak 10 business days Minimum consecutive days bid must close at or above $1.00 to regain compliance
Potential additional compliance period 180 calendar days Possible second period if other Nasdaq Capital Market standards are met
Minimum Bid Price Requirement market
"no longer meets the minimum bid price requirement for continued listing"
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 Capital Market market
"initial listing standards for The Nasdaq Capital Market, with the exception"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
reverse stock split market
"intention to cure the deficiency during the second compliance period by effecting a reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
market value of publicly held shares financial
"required to meet the continued listing requirement for market value of publicly held shares"
The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.
forward-looking statements regulatory
"may constitute “forward-looking statements” within the meaning of the Private Securities Litigation"
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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq notice did Eastern International Ltd. (ELOG) receive?

Eastern International received a Nasdaq notice on September 10, 2026 stating it no longer meets the $1.00 minimum bid price requirement because its shares closed below that level for 30 consecutive trading days under Nasdaq Rule 5550(a)(2).

Does the Nasdaq minimum bid price deficiency immediately affect ELOG’s listing?

No. The company states the Nasdaq notification has no immediate effect on the listing of its ordinary shares, and trading on the Nasdaq Capital Market continues while it works to regain compliance.

How long does Eastern International (ELOG) have to regain Nasdaq bid price compliance?

Eastern International has 180 calendar days from the notice date, until March 9, 2027, to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.

Can Eastern International (ELOG) receive more time beyond March 9, 2027?

Yes. If still non-compliant by March 9, 2027, the company may qualify for an additional 180-day period if it meets all other Nasdaq Capital Market initial listing standards, except bid price, and notifies Nasdaq of its intention to cure, potentially via a reverse stock split.

What actions might Eastern International Ltd. (ELOG) take to regain compliance?

The company states it will actively monitor its share bid price and consider all available options to resolve the deficiency, which could include a reverse stock split if a second compliance period is needed.

What business does Eastern International Ltd. (ELOG) operate?

Eastern International is a Cayman Islands holding company whose subsidiaries provide domestic and cross-border logistics and construction services, including project logistics, general logistics, and new energy infrastructure construction, with operations across key cities in mainland China and parts of Asia.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 September 2026

 

Commission File Number 001-42817

 

eastern international Ltd.

(Translation of registrant’s name into English)

 

Suite 901-903, 9th Floor, Building #2, Qianwan Zhigu

Chuanhua Smart CenterScience and Technology City Block

Xiaoshan Economic and Technological Development Zone

Xiaoshan District, Hangzhou, Zhejiang Province, China 311231

(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 ☐

 

 

 

 
 

 

EXHIBIT INDEX

 

Number   Description of Exhibit
99.1   Press Release.

 

2
 

 

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.

 

Date: September 11, 2026

 

  Eastern international LTD.
   
  By: /s/ Albert Wong
  Name: Albert Wong
  Title: Chief Executive Officer

 

3

 

 

Exhibit 99.1

 

Eastern International Ltd. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

 

HANGZHOU, China, September 11, 2026 /Globe Newswire/ — Eastern International Ltd. (“Eastern International” or the “Company”) (NASDAQ: ELOG), a provider of domestic and cross-border professional logistic services and construction services including project logistic, general logistic and new energy infrastructure construction, today announced that, on September 10, 2026, the Company received a letter from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s ordinary shares listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”).

 

The notification has no immediate effect on the listing of the Company’s ordinary shares. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, until March 9, 2027 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement. If at any time before the expiration of the Compliance Period the bid price of the Company’s ordinary shares closes at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance and this matter will be closed. If the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar day period to regain compliance. 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 by effecting a reverse stock split, if necessary. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.

 

The Company intends to continue actively monitoring the bid price for its ordinary shares between now and the expiration of the Compliance Period and will consider all available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement.

 

About Eastern International Ltd.

 

Eastern International Ltd. (NASDAQ: ELOG) is a holding company incorporated in the Cayman Islands. The Company, through Suzhou TC-Link Logistics Co., Ltd. (“Suzhou TC-Link”) and Hangzhou TC-Link Logistics Supply Chain Management Co., Ltd., both wholly owned subsidiaries of the Company, provide domestic and cross-border professional logistic and construction services including project logistic, general logistic and new energy infrastructure construction. Suzhou TC-Link was established on January 9, 2006, in Jiangsu Province, China. Suzhou TC-Link has obtained the internationally recognized IS09001 certificate of high-quality service (2015 standard). Eastern International has 7 wholly owned subsidiaries and 5 warehouses/logistic centers and 3 branch offices in China which operating network covers key cities in mainland China, Hong Kong, Southeast Asia and Central Asia. For more information, please visit https://www.elogint.com

 

FORWARD-LOOKING STATEMENTS

 

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the final prospectus 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. Any forward-looking statements contained in this press release speak only as of the date hereof, and Eastern International specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

 

Contacts:

 

Eastern International Ltd.

Mr. Lin Tan

Tel: +86 0571-82356096

Email: ir@elogint.com

 

 

 

Filing Exhibits & Attachments

1 document

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