Fast Track Group faces Nasdaq bid-price deficiency

Rhea-AI Filing Summary

FAST TRACK GROUP reported that Nasdaq has notified the company it no longer meets the exchange’s continued listing requirement to maintain a minimum bid price of $1 per share under Rule 5550(a)(2), based on closing bid prices from July 1, 2025 to August 12, 2025.

Nasdaq has given the company a 180-day grace period, until February 9, 2026, to regain compliance. If it meets other Nasdaq Capital Market initial listing standards, except for the bid price, it may qualify for an additional 180 days, potentially by taking actions such as a reverse stock split.

The company states it is evaluating options and intends to regain compliance, but it also cautions there is no assurance it will succeed or remain in compliance with other Nasdaq listing requirements.

Positive

• None.

Negative

• Nasdaq bid-price deficiency and delisting risk: The company no longer meets Nasdaq’s $1 minimum bid requirement and faces potential delisting if it cannot regain compliance within the specified grace periods.

Insights

Equity & Listing Standards Analyst

Nasdaq bid-price noncompliance introduces listing and liquidity risk.

FAST TRACK GROUP has fallen below Nasdaq’s $1 minimum bid requirement, triggering a formal deficiency notice under Rule 5550(a)(2). The company now has a 180-day window, until February 9, 2026, to restore its share price to required levels.

The disclosure notes the possibility of an additional 180-day period if other Nasdaq Capital Market initial listing standards are met, aside from bid price, and if the company signals an intent to cure, including by a reverse stock split. This frames typical pathways to regain compliance but does not commit to a specific action.

The company says it is evaluating options and intends to regain compliance, while warning there is no assurance it will do so or remain compliant with other Nasdaq rules. The eventual impact on shareholders depends on whether compliance is restored within the allowed periods or whether Nasdaq proceeds toward delisting following further notice.

FAQ

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

What did FAST TRACK GROUP (FTRK) disclose in this Form 6-K?

FAST TRACK GROUP disclosed that Nasdaq notified the company it no longer meets the minimum bid price requirement of $1 per share under Nasdaq Listing Rule 5550(a)(2), based on closing bid prices from July 1, 2025 to August 12, 2025.

How long does FAST TRACK GROUP have to regain Nasdaq bid-price compliance?

Nasdaq granted FAST TRACK GROUP a 180-day compliance period, until February 9, 2026, to regain compliance with the $1 minimum bid price requirement.

Can FAST TRACK GROUP receive more time beyond the initial 180 days?

The company may qualify for an additional 180-day period if it meets the market value of publicly held shares requirement and all other initial listing standards for the Nasdaq Capital Market, except the bid price, and provides written notice of its intention to cure the deficiency, which may include a reverse stock split.

What happens if FAST TRACK GROUP cannot regain Nasdaq compliance?

If the company cannot cure the bid-price deficiency and is not otherwise eligible for additional time, Nasdaq may notify FAST TRACK GROUP that its securities will be subject to delisting from the Nasdaq Capital Market.

What actions is FAST TRACK GROUP considering to address the Nasdaq deficiency?

The company states that it is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement, while noting there is no assurance it will succeed.

Does FAST TRACK GROUP guarantee it will remain listed on Nasdaq?

No. The company explicitly notes there can be no assurance it will regain compliance with Rule 5550(a)(2) or remain in compliance with other Nasdaq continued listing requirements.

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

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Accepted by SEC EDGAR 08/15/2025 - 09:00 AM 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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August, 2025

Commission File Number: 001-42426

FAST TRACK GROUP

(Registrant’s Name)

12 Mohamed Sultan Road,

#04-01, Singapore 238961

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover 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): ☐

Nasdaq Market Value of Listed Securities Deficiency Letter

On August 13, 2025, FAST TRACK GROUP (the “Company”) received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that that based on the closing bid price of the Company for the period from July 1, 2025 to August 12, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.

Nasdaq has provided the Company with an 180 calendar days compliance period, or until February 9, 2026, in which to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company 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 is able 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 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 is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.

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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.

	FAST TRACK GROUP
Date: August 15, 2025	By:	/s/ Lim Sin Foo, Harris
	Name:	Lim Sin Foo, Harris
	Title:	Chief Executive Officer, and Director

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