Golden Sun (GSUN) gets Nasdaq notice over sub-$1.00 share price

Rhea-AI Filing Summary

Golden Sun Technology Group Limited reported that Nasdaq has notified the company it is out of compliance with the exchange’s minimum bid price requirement. The company’s Class A ordinary shares traded below a $1.00 closing bid price for 30 consecutive business days, triggering the notice.

Golden Sun has 180 calendar days, until October 12, 2026, to regain compliance. To do so, its Class A ordinary shares must close at or above $1.00 for at least 10 consecutive business days and must not close at $0.10 or less for over 10 consecutive trading days by that date. If the company does not regain compliance and is not granted additional time, its shares may be delisted, though the company would have the right to appeal. The company plans to monitor its share price and may consider options such as a reverse stock split.

Positive

• None.

Negative

• Nasdaq minimum bid price deficiency: Golden Sun’s Class A ordinary shares failed to maintain a $1.00 minimum bid for 30 consecutive business days, creating a risk of eventual delisting if compliance is not restored by the October 12, 2026 deadline.

Insights

Equity Listing & Exchange Rules Analyst

Golden Sun received a Nasdaq minimum bid price deficiency notice with a defined cure period.

Nasdaq informed Golden Sun Technology Group Limited that its Class A ordinary shares failed to maintain a $1.00 minimum bid price for 30 consecutive business days, breaching Nasdaq Listing Rule 5550(a)(2). The notice does not immediately affect the company’s Nasdaq Capital Market listing status.

Under Listing Rule 5810(c)(3)(A), the company has 180 calendar days, until October 12, 2026, to regain compliance. This requires a closing bid price of at least $1.00 for a minimum of 10 consecutive business days, while also avoiding a closing bid of $0.10 or less for over 10 consecutive trading days by the compliance date.

If Golden Sun does not regain compliance and is ineligible for an additional grace period, Nasdaq staff may initiate delisting. The company could then appeal to a Nasdaq Listing Qualifications Panel, but the outcome is uncertain. Management indicates it may consider actions such as a reverse stock split, yet no specific measure or timing is committed in the excerpt.

Key Figures

Minimum bid price requirement: $1.00 per share Non-compliance period: 30 consecutive business days Compliance period length: 180 calendar days +3 more

6 metrics

Minimum bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) threshold for Class A ordinary shares

Non-compliance period 30 consecutive business days Period during which closing bid was below $1.00

Compliance period length 180 calendar days Time granted under Nasdaq Listing Rule 5810(c)(3)(A)

Compliance deadline October 12, 2026 Date by which Golden Sun must regain minimum bid compliance

Required compliant trading streak 10 consecutive business days Minimum period with closing bid at or above $1.00

Low-price trigger threshold $0.10 per share Shares must not close at or below this for over 10 consecutive trading days by the compliance date

Key Terms

Nasdaq Listing Rule 5550(a)(2), minimum bid price, Nasdaq Listing Rule 5810(c)(3)(A), reverse stock split, +1 more

5 terms

Nasdaq Listing Rule 5550(a)(2) regulatory

"as required by the Listing Rules 5550(a)(2) of the NASDAQ"

minimum bid price financial

"its Class A ordinary shares failed to maintain a minimum bid price of $1.00 per share"

The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.

Nasdaq Listing Rule 5810(c)(3)(A) regulatory

"In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days"

reverse stock split financial

"available options to regain compliance with the minimum bid price requirement, which could include effecting a reverse stock split"

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.

Nasdaq Listing Qualifications Panel regulatory

"appeal the Staff’s determination to a NASDAQ Listing Qualifications Panel and request a hearing"

A Nasdaq Listing Qualifications Panel is a group of independent reviewers who decide whether a company meets the stock exchange’s rules for staying listed and hear appeals when a firm falls short. Think of it as an appeals court or referee for listing status: its decisions can determine if a stock stays on a major exchange, which affects how easy it is to buy or sell the shares, investor confidence, and often the stock’s price.

Form 6-K: How Foreign Companies Report to the SEC →

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 April 2026

Commission File Number: 001-41425

金太阳科技集团有限公司

(Translation of registrant’s name into English)

Golden Sun Technology Group Limited

Room 503, Building C2, No. 1599

Xinjinqiao Road, Pudong New Area

Shanghai, 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 ☐

On April 13, 2026, Golden Sun Technology Group Limited (the “Company”) received a deficiency notice (the “Notification Letter”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“NASDAQ”) informing the Company that its Class A ordinary shares failed to maintain a minimum bid price of $1.00 per share over the last 30 consecutive business days as required by the Listing Rules 5550(a)(2) of the NASDAQ. The Notification Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until October 12, 2026 (the “Compliance Date”), to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company’s Class A ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days, and must not have a closing bid price of $0.10 or less for over 10 consecutive trading days by the Compliance Date. In the event the Company does not regain compliance by the Compliance Date, the Company may be eligible for additional time to regain compliance or may face delisting.

If the Company does not regain compliance with the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2) by the Compliance Date and is not eligible for an additional compliance period at that time, the Staff will provide written notification to the Company that its Class A ordinary shares may be delisted. The Company would then be entitled to appeal the Staff’s determination to a NASDAQ Listing Qualifications Panel and request a hearing. There can be no assurance that, if the Company does appeal the delisting determination by the Staff to the NASDAQ Listing Qualifications Panel, that such appeal would be successful.

The Company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider available options to regain compliance with the minimum bid price requirement, which could include effecting a reverse stock split. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement.

1

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: April 16, 2026

	Golden Sun Technology Group Limited
	By:	/s/ Xueyuan Weng
	Name:	Xueyuan Weng
	Title:	Chief Executive Officer

2

FAQ

What Nasdaq notice did Golden Sun Technology Group Limited (GSUN) receive?

Golden Sun received a Nasdaq deficiency notice stating its Class A ordinary shares failed to maintain a $1.00 minimum bid price for 30 consecutive business days. This triggers a compliance period but does not immediately affect its listing on the Nasdaq Capital Market.

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

Golden Sun has 180 calendar days, until October 12, 2026, to regain compliance with Nasdaq’s $1.00 minimum bid price rule. During this period, it must meet specific trading-price conditions to avoid potential delisting actions by Nasdaq staff.

What must Golden Sun’s share price do to meet Nasdaq’s bid price requirement?

To regain compliance, Golden Sun’s Class A ordinary shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. They also must not have a closing bid price of $0.10 or less for over 10 consecutive trading days by the compliance date.

What happens if GSUN does not regain compliance by October 12, 2026?

If Golden Sun does not regain compliance by October 12, 2026 and is not eligible for additional time, Nasdaq staff may notify the company that its Class A ordinary shares could be delisted. The company would then be entitled to appeal to a Nasdaq Listing Qualifications Panel.

Can Golden Sun Technology Group Limited appeal a Nasdaq delisting decision?

Yes. If Nasdaq staff determine that Golden Sun’s shares should be delisted for failing the minimum bid price rule, the company can appeal to a Nasdaq Listing Qualifications Panel and request a hearing. However, the company notes there is no assurance such an appeal would succeed.

What options may GSUN consider to regain Nasdaq bid price compliance?

Golden Sun states it intends to monitor the closing bid price of its Class A ordinary shares and may consider available options to regain compliance. The company notes that these options could include effecting a reverse stock split, though no specific action is guaranteed.