3 E Network (NASDAQ: MASK) appeals Nasdaq move to delist its shares

Rhea-AI Filing Summary

3 E Network Technology Group Limited reports that Nasdaq has moved to delist its shares after the company failed to meet the exchange’s minimum bid price requirement of $1.00 per share for 30 consecutive business days.

The company had 180 calendar days, until March 24, 2026, to regain compliance but did not do so, prompting a Nasdaq Capital Market delisting determination. 3 E Network plans to appeal, which temporarily halts any suspension or Form 25 filing. If the appeal and any compliance plan are unsuccessful, trading would most likely shift to an over-the-counter market for unlisted securities.

Positive

• None.

Negative

• Nasdaq staff has determined to delist 3 E Network Technology Group Limited’s securities from the Nasdaq Capital Market after it failed to regain compliance with the $1.00 minimum bid price requirement within the 180-day cure period ending March 24, 2026.
• The company warns there is no assurance its appeal or compliance plan will succeed, and notes that if delisted, trading in its common stock would most likely shift to an over-the-counter market for unlisted securities, which generally offers lower liquidity and visibility.

Insights

Equity markets and listing standards analyst

Nasdaq delisting risk escalates as 3 E Network misses bid-price cure window.

3 E Network Technology Group Limited failed to lift its share price back above the $1.00 minimum bid price within the 180-day grace period ending on March 24, 2026. Nasdaq staff has therefore determined that its securities should be delisted from the Nasdaq Capital Market.

The company plans to appeal, which keeps its shares listed while the process is underway. However, the filing explicitly notes there is no assurance the hearings panel will accept the company’s plan or that compliance with Nasdaq listing standards will be regained.

If the appeal is unsuccessful and delisting proceeds, trading would most likely move to an over-the-counter venue. That typically reduces liquidity and visibility compared with a national exchange, which can affect trading costs and access for some institutional participants.

Key Figures

Minimum bid price: $1.00 per share Consecutive days below minimum: 30 business days Compliance period length: 180 calendar days +2 more

5 metrics

Minimum bid price $1.00 per share Nasdaq Listing Rule 5550(a)(2) threshold

Consecutive days below minimum 30 business days Period with bid price under $1.00

Compliance period length 180 calendar days Grace period to regain bid-price compliance

Compliance deadline March 24, 2026 End of 180-day period to fix bid price

Nasdaq notification date March 27, 2026 Date staff notified company of delisting determination

Key Terms

minimum bid price requirement, Nasdaq Listing Rule 5550(a)(2), Nasdaq Capital Market, Form 25, +1 more

5 terms

minimum bid price requirement financial

"the Company was not in compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2)"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

Nasdaq Listing Rule 5550(a)(2) regulatory

"not in compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2)"

Nasdaq Capital Market financial

"the Staff determined to delist the Company’s securities from The Nasdaq Capital Market"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

Form 25 regulatory

"which will stay any delist determination or suspension of the Company’s securities and the filing of the Form 25"

A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.

over-the-counter market financial

"trading of the common stock would most likely take place on an over-the-counter market established for unlisted securities"

A market where securities are bought and sold directly between dealers and brokers instead of on a centralized stock exchange. Think of it like a neighborhood bazaar compared with a big supermarket: prices and rules can vary, oversight is lighter, and some instruments are harder to trade or riskier. Investors care because OTC listings can offer access to small or specialized investments but often come with higher price volatility, lower liquidity, and greater information risk.

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: 001-42466

3 E NETWORK TECHNOLOGY GROUP LIMITED

(Exact name of registrant as specified in its charter)

No.118 Connaught Road West, 3003-2

Hong Kong, China, 999077

(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 ☐

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

As previously disclosed, on September 25, 2025, 3 E Network Technology Group Limited (the “Company”) received a written notification from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”). The notice informed that the Company was not in compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Rule”), as the bid price of its listed securities had closed at less than $1.00 per share for 30 consecutive business days, and the Company has been provided a compliance period of 180 calendar days until March 24, 2026, to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A).

On March 27, 2026, the Company received a written notification from the Staff of Nasdaq, indicating that the Company failed to regain compliance within the 180-calendar-day compliance period, and as a result, the Staff determined to delist the Company’s securities from The Nasdaq Capital Market.

The Company intends to file an appeal of the Staff’s determination to delist the Company’s securities from The Nasdaq Capital Market as permitted, which will stay any delist determination or suspension of the Company’s securities and the filing of the Form 25. 

There can be no assurance that the Company’s plan will be accepted by the hearings panel or that, if it is, the Company will be able to regain compliance with the applicable Nasdaq listing requirements. If the Company’s common stock were delisted from Nasdaq, trading of the common stock would most likely take place on an over-the-counter market established for unlisted securities.

1

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.

	3 E Network Technology Group Limited
	By:	/s/ Tingjun Yang
	Name:	Tingjun Yang
	Title:	Chief Executive Officer, Director

Date: April 2, 2026

2

FAQ

What did 3 E Network Technology Group Limited (MASK) disclose in this 6-K?

3 E Network Technology Group Limited disclosed that Nasdaq staff has determined to delist its securities after the company failed to regain compliance with the $1.00 minimum bid price requirement within a 180-day cure period that ended on March 24, 2026.

Why is 3 E Network Technology Group Limited at risk of Nasdaq delisting?

The company’s shares closed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). After a 180-calendar-day grace period ending March 24, 2026, the company had not regained compliance, prompting Nasdaq staff’s delisting determination.

How is 3 E Network Technology Group Limited responding to Nasdaq’s delisting determination?

3 E Network Technology Group Limited intends to file an appeal of Nasdaq staff’s delisting determination. This appeal will stay any delisting or suspension action and delay the filing of Form 25 while a hearings panel reviews the company’s compliance plan.

What happens to MASK stock if 3 E Network Technology Group Limited is delisted from Nasdaq?

If the company’s appeal and compliance efforts fail and Nasdaq delists the stock, trading in its common shares would most likely move to an over-the-counter market for unlisted securities, which generally provides less liquidity and lower market visibility than a Nasdaq listing.

What Nasdaq rule did 3 E Network Technology Group Limited fail to meet?

The company failed to comply with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement. Its listed securities traded below $1.00 per share for 30 consecutive business days and were not brought back into compliance during the 180-day cure period ending March 24, 2026.