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[6-K] Fast Track Group Current Report (Foreign Issuer)

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Rhea-AI Filing Summary

FAST TRACK GROUP updated investors on its Nasdaq listing status. The company has regained compliance with Nasdaq Listing Rule 5550(b)(1) after reporting stockholders’ equity of $12,165,909, closing a prior deficiency related to the market value of its listed securities.

However, Fast Track Group remains out of compliance with Nasdaq’s $1.00 minimum bid price requirement. Nasdaq has granted an additional 180-day grace period, until August 10, 2026, to restore the share price. Achieving a closing bid of at least $1 for 10 consecutive business days would resolve the issue; otherwise, the securities may face delisting, subject to a potential appeal.

Positive

  • None.

Negative

  • None.

Insights

Company cures one Nasdaq deficiency but faces extended minimum bid price risk window.

Fast Track Group has resolved its earlier Nasdaq concern over market value of listed securities by meeting the stockholders’ equity standard of $12,165,909 under Listing Rule 5550(b)(1). That closes one path to delisting pressure and confirms the balance sheet currently satisfies this specific Nasdaq criterion.

The remaining issue is compliance with the $1.00 minimum bid price rule. Nasdaq’s 180‑day extension to August 10, 2026 keeps the listing in place but prolongs uncertainty. The shares must trade at or above $1 for 10 consecutive business days to resolve this, or Nasdaq may start a delisting process, which the company could then appeal.

From an investor perspective, this update is structurally neutral. It removes one listing risk while confirming another persists on a defined timetable. Subsequent company disclosures and trading performance around the minimum bid price requirement will determine whether this evolves into a material event.

 

 

 

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 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of February, 2026

 

Commission File Number: 001-42426

 

 

 

FAST TRACK GROUP

(Exact Name as Specified in its Charter)

 

 

 

600 North Bridge Road, Parkview Square #24-01

Singapore 188778

(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 ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ☐

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ☐ No ☒

 

If “Yes” is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.

 

 

 

 

 

 

Nasdaq Market Value of Listed Securities Regained Compliance

 

As previously reported, on August 11, 2025, Fast Track Group (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that based on its review of the Company’s Market Value of Listed Securities (“MVLS”) for the period from June 27, 2025 to August 8, 2025, the Company no longer met the MVLS requirement of Nasdaq under Nasdaq Listing Rules 5550(b)(2) to maintain a minimum MVLS of $35 million. Nasdaq had provided the Company with an 180 calendar days compliance period, or until February 9, 2026, in which to regain compliance with Nasdaq’s MVLS requirement.

 

On January 23, 2026, the Company received a letter from the Listing Qualifications Department of Nasdaq stating that based on the Form 6-K filed by the Company dated January 13, 2026 evidencing stockholders’ equity of $12,165,909, Nasdaq had determined that the Company is now in compliance with Listing Rule 5550(b)(1), and considered the matter closed.

 

Nasdaq Minimum Bid Price Compliance Extension

 

Also as previously reported, on August 13, 2025, the Company received a deficiency letter from the Listing Qualifications Department of Nasdaq indicating that, based on the closing bid price for the last 30 consecutive business days, the Company was not in compliance with the $1.00 minimum bid price requirement for continued listing Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided a period of 180 calendar days, or until February 9, 2026 (the “Initial Compliance Date”), to regain compliance with the Bid Price Rule. The Company did not regain compliance with the Bid Price Rule by the Initial Compliance Date.

 

By letter dated February 10, 2026, Nasdaq informed the Company that it will provide the Company with an additional 180 calendar days compliance period, or until August 10, 2026 (the “New Compliance Date”), in which to regain compliance with the Bid Price Rule. In the event that the Company does not regain compliance prior to the New Compliance Date, Nasdaq will provide notice that the Company’s securities will be subject to delisting, at which time the Company may appeal Nasdaq’s determination to a Hearings Panel.

 

On February 12, 2026, the Company issued a press release entitled “FAST TRACK GROUP Granted 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Requirement.”

 

A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

 

Exhibit Number   Description of Exhibit
     
99.1   Press Release

 

 

 

 

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.

 

Dated: February 12, 2026

 

  FAST TRACK GROUP
     
  By: /s/ Lim Sin Foo, Harris
  Name: Lim Sin Foo, Harris
  Title: Chief Executive Officer and Director

 

 

 

 

Exhibit 99.1

 

FAST TRACK GROUP Granted 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Requirement

 

Singapore, Feb. 12, 2026FAST TRACK GROUP (NASDAQ: FTRK) (“Fast Track” or the “Company”), a leading entertainment-focused event management and celebrity agency company, announced it has received an additional 180-day extension period from the Nasdaq Listing Qualifications Department (the “Nasdaq Staff”) to regain compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rules 5550(a)(2) (the “Minimum Bid Price Requirement”).

 

The Company has until August 10, 2026 to meet the Minimum Bid Price Requirement. If at any time during the extension period the closing bid price of the Company’s security is at least $1 per share for a minimum of 10 consecutive business days, the Nasdaq Staff will provide the Company with written confirmation of compliance, and the matter will be closed. There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement, even if it maintains compliance with the other listing requirements.

 

About FAST TRACK GROUP

 

FAST TRACK GROUP (Nasdaq: FTRK) is a leading entertainment-focused event management and celebrity agency company. Since inception in Singapore in 2012, the Company has expanded across Asia Pacific, earning a reputation for being the preferred partner for event and endorsement organizers in the region. FAST TRACK GROUP goes beyond traditional event management, offering value-added services such as technical production planning, celebrity sourcing, celebrity engagement consultancy and event manpower support, all tailored to the highest standards.

 

Cautionary Note Regarding Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations. 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 final prospectus and other 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.

 

Investor Relations

 

Gateway Group, Inc.

949-574-3860

FTRK@gateway-grp.com

 

 

 

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