Nasdaq notifies 707 Cayman (JEM) of bid-price deficiency
Rhea-AI Filing Summary
707 Cayman Holdings Limited reported it received a Nasdaq notice that its shares no longer meet the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), based on closing bids from September 3 to October 16, 2025.
Nasdaq granted a 180‑day compliance period through April 15, 2026 to regain compliance. If unmet, the Company may qualify for an additional 180 days if it satisfies the market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market (except bid price) and provides written notice of plans to cure, including a potential reverse stock split. Otherwise, Nasdaq may notify the Company that its securities are subject to delisting.
The Company is evaluating options and intends to regain compliance, while noting there is no assurance of success. A related press release dated October 21, 2025 was furnished as Exhibit 99.1.
Positive
- None.
Negative
- Nasdaq minimum bid price deficiency under Rule 5550(a)(2) with delisting risk if compliance is not regained within the 180-day period ending April 15, 2026.
Insights
Nasdaq flagged a $1 bid shortfall; 180 days to fix, with possible extension.
707 Cayman Holdings Limited disclosed a deficiency under Nasdaq Rule 5550(a)(2) after its stock closed below
A second 180‑day period may be available if the company meets all other initial listing standards and the market value of publicly held shares, and provides written notice of its intent to cure, potentially via a reverse stock split. If eligibility criteria aren’t met or the bid price isn’t restored, Nasdaq may move toward delisting.
The company states it is evaluating options and intends to regain compliance, without assurance. Actual impact depends on share price performance and any corporate actions the company undertakes; timing beyond the stated dates is not indicated in the excerpt.