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Cellyan Biotechnology (NASDAQ: HKPD) warned on bid price rule compliance

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Cellyan Biotechnology Co., Ltd reported that Nasdaq has notified the company its Class A ordinary shares failed to meet the minimum bid price requirement, as the closing bid stayed below US$1.00 for 30 consecutive business days from November 26, 2025 through January 9, 2026. The notice does not immediately affect the listing and the shares continue to trade on Nasdaq under the ticker HKPD.

The company has 180 calendar days, until July 13, 2026, to regain compliance by having its closing bid at or above US$1.00 for at least ten consecutive business days. If it still does not comply by that date, it may qualify for an additional 180-day grace period if other Nasdaq listing standards are met and it indicates plans to cure the deficiency, potentially including a reverse share split completed at least ten business days before the relevant deadline.

Positive

  • None.

Negative

  • Nasdaq minimum bid price non-compliance: HKPD’s shares stayed below US$1.00 for 30 consecutive business days, triggering a Nasdaq deficiency notice and introducing defined delisting risk if not cured.

Insights

Nasdaq bid-price deficiency adds delisting risk but timelines are defined.

Cellyan Biotechnology has received a Nasdaq notice that its Class A ordinary shares traded below US$1.00 for 30 consecutive business days, triggering non-compliance with Nasdaq Listing Rule 5550(a)(2). The shares remain listed and continue trading under ticker HKPD, so there is no immediate trading disruption, but the company is now under formal scrutiny.

Nasdaq has granted a 180-day compliance period, until July 13, 2026, during which the closing bid must reach at least US$1.00 for ten consecutive business days to resolve the issue. If that does not occur, the company may seek a second 180-day grace period, provided it meets other Nasdaq Capital Market initial listing standards and submits a plan to cure the deficiency, which may include a reverse share split.

The company states it is evaluating options to regain compliance, specifically acknowledging that any reverse share split would need to be completed at least ten business days before July 13, 2026 or the end of any second compliance period if granted. Subsequent disclosures around any concrete compliance plan will frame how the listing risk evolves within these Nasdaq-defined timelines.

 

 

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 January 2026

 

Commission File Number 001-42468

 

Cellyan Biotechnology Co., Ltd

(Registrant’s Name)

 

Room B1, 5/F., Well Town Industrial Building,
13 Ko Fai Road, Yau Tong, Kowloon
Hong Kong
(Address of principal executive office)

 

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 ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On January 12, 2026, Cellyan Biotechnology Co., Ltd (the “Company”) received a letter from the Listings Qualifications Department of The Nasdaq Capital Market (“Nasdaq”) notifying the Company that the minimum closing bid price per share for its class A ordinary shares of par value of US$0.001 each (“Class A Ordinary Shares”) was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Nasdaq notification letter does not result in the immediate delisting of the Company’s Class A Ordinary Shares, and the shares will continue to trade uninterrupted under the symbol “HKPD.”

 

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until July 13, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Class A Ordinary Shares is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

 

In the event the Company does not regain compliance by July 13, 2026, the Company may be eligible for an additional 180 calendar day grace period. 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, including by effecting a reverse share split, if necessary. If the Company chooses to implement a reverse share split, it must complete the split no later than ten (10) business days prior to July 13, 2026, or the expiration of the second compliance period if granted.

 

On January 16, 2026, the Company issued a press release entitled “Cellyan Biotechnology Co., Ltd Receives Nasdaq Notice of Bid Price Deficiency.” A copy of the please release is filed as Exhibit 99.1 to this Current Report on Form 6-K and is incorporated herein by reference.

 

1

 

 

EXHIBIT INDEX

 

Exhibits

 

Exhibit No.   Description
99.1   Press Release

 

2

 

 

SIGNATURE

 

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.

 

  Cellyan Biotechnology Co., Ltd.
   
  By: /s/ Chenyu Liang
  Name:  Chenyu Liang
  Title: Director and Chief Executive Officer

 

Date: January 16, 2026

 

 

3

 

 

Exhibit 99.1

 

Cellyan Biotechnology Co., Ltd Receives Nasdaq Notice of Bid Price Deficiency

 

HONG KONG, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Cellyan Biotechnology Co., Ltd (Nasdaq: HKPD) (the “Company”), a leading provider of over the counter (“OTC”) pharmaceutical cross-border e-commerce supply chain services in Hong Kong, today announced that it received a notification letter (the “Notification Letter”) dated January 12, 2026 from Nasdaq’s Listing Qualifications Department indicating that the closing bid price of the Company’s class A ordinary shares of par value of US$0.001 each was below the minimum requirement of US$1.00 per share for 30 consecutive business days from November 26, 2025 through January 9, 2026, and the Company was therefore currently not in compliance with the minimum bid price requirement set forth under Nasdaq listing rule 5550(a)(2). 

 

The notification letter has no immediate effect on the listing of the Company’s class A ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “HKPD”.

 

Pursuant to listing rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until July 13, 2026, to regain compliance with the minimum bid price rule. If, at any time during the 180-day period the closing bid price per share of the Company’s class A ordinary shares is US$1.00 or above for a minimum of ten consecutive business days, Nasdaq will provide written confirmation of compliance and this matter will be closed.

 

In the event the Company does not regain compliance with the minimum bid price requirement by July 13, 2026, the Company may be eligible for an additional 180 calendar day grace 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, including by effecting a reverse share split, if necessary. If the Company chooses to implement a reverse share split, it must complete the split no later than 10 business days prior to July 13, 2026 or the expiration of the second compliance period if granted.

 

This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The Company is currently looking into various options available with respect to regaining such compliance. The notification letter has no effect at this time on the listing of the Company’s class A ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “HKPD.”

 

About Cellyan Biotechnology Co., Ltd

 

Cellyan Biotechnology Co., Ltd (f.k.a. Hong Kong Pharma Digital Technology Holdings Limited) offers two main categories of services: (i) OTC pharmaceutical cross-border e-commerce supply chain services through its Hong Kong subsidiary, Joint Cross Border Logistics Company Limited (“Joint Cross Border”), and (ii) OTC pharmaceutical cross-border procurement and distribution through its Hong Kong subsidiary, V-Alliance Technology Supplies Limited.

 

 

 

Through its engagement with OTC pharmaceutical suppliers, logistics companies, and merchants on Chinese e-commerce platforms, Joint Cross Border provides a convenient one-stop solution for Mainland Chinese customers seeking access to OTC pharmaceutical products outside Mainland China.

 

Joint Cross Border’s comprehensive service offerings include pre-consultation, product information review, procuring overseas OTC pharmaceutical products, enlisting products with the Hong Kong Department of Health, obtaining import and export permits, storing products, packaging, and arranging logistics and end-to-end delivery services for customers. 

 

Forward-Looking Statements

 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. All forward-looking statements, expressed or implied, in this release are based only on information currently available to us and speak only as of the date on which they are made. 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 in this release. Except as otherwise required by applicable law, we disclaim any duty to publicly update any forward-looking statement to reflect events or circumstances after the date of this release. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in our filings with the SEC.

 

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, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

For investor and media inquiries please contact: 

 

Cellyan Biotechnology Co., Ltd

Media Contact: andy@cell-yan.com 

Investor Relations: stella @cell-yan.com

 

 

 

 

 

FAQ

What did Cellyan Biotechnology Co., Ltd (HKPD) announce in this Form 6-K?

The company disclosed that it received a Nasdaq notice stating its Class A ordinary shares no longer meet the US$1.00 minimum bid price requirement after trading below that level for 30 consecutive business days.

Does the Nasdaq bid price notice mean Cellyan Biotechnology (HKPD) is being delisted now?

No. The notice has no immediate effect on the listing, and the company’s Class A ordinary shares continue to trade uninterrupted on Nasdaq under the ticker HKPD.

How long does Cellyan Biotechnology (HKPD) have to regain Nasdaq bid price compliance?

The company has a 180 calendar day compliance period, until July 13, 2026, to regain compliance by achieving a closing bid price of at least US$1.00 for a minimum of ten consecutive business days.

Can Cellyan Biotechnology (HKPD) receive more time beyond July 13, 2026 to fix the bid price issue?

If it has not regained compliance by July 13, 2026, the company may be eligible for an additional 180-day grace period, provided it meets other Nasdaq Capital Market initial listing standards and notifies Nasdaq of its intent to cure the deficiency.

What options does Cellyan Biotechnology (HKPD) mention for regaining compliance with Nasdaq’s bid price rule?

The company notes it is evaluating various options and that any plan during a second compliance period may include a reverse share split, which would need to be completed at least ten business days before July 13, 2026 or the end of any extended period.

What business does Cellyan Biotechnology Co., Ltd (HKPD) operate?

The company provides over the counter (OTC) pharmaceutical cross-border e-commerce supply chain services and OTC pharmaceutical cross-border procurement and distribution in Hong Kong through its subsidiaries.
Cellyan Biotechnology Co Ltd

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