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Nasdaq grants MKDWELL Tech (MKDW) 180-day bid-price cure extension

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

Rhea-AI Filing Summary

MKDWELL Tech Inc. remains out of compliance with Nasdaq’s minimum bid price rule but has been granted more time to fix the issue. After failing to keep its ordinary share price at or above $1.00 for 30 consecutive business days during an initial 180‑day period that ended August 11, 2025, the company requested an extension. On August 13, 2025, Nasdaq granted an additional 180‑day grace period, until February 9, 2026, for MKDWELL to regain compliance.

Nasdaq’s decision reflects that MKDWELL meets all other continued listing requirements for the Nasdaq Capital Market apart from the bid price. The company has indicated it may use options such as a reverse stock split, if needed, to restore the price above $1.00 for at least 10 consecutive business days. If it cannot regain compliance within this extension, its shares could be subject to delisting, though the company would have the right to appeal.

Positive

  • None.

Negative

  • Ongoing Nasdaq bid‑price noncompliance and delisting risk: MKDWELL failed to regain the minimum $1.00 bid price in the first 180‑day period and now faces potential delisting if it cannot comply by February 9, 2026.

Insights

MKDWELL gets more time on Nasdaq but still faces delisting risk if its share price stays below $1.

Nasdaq has given MKDWELL Tech Inc. a second 180‑day window, until February 9, 2026, to cure its minimum bid price deficiency. The company already moved its listing to the Nasdaq Capital Market and currently meets all listing standards there except for the $1.00 bid requirement. This highlights that the core issue is the stock price level, not broader financial or governance criteria as presented.

To regain compliance, MKDWELL’s ordinary shares must close at or above $1.00 for at least 10 consecutive business days, and Nasdaq may require up to 20 days before confirming long‑term compliance. The company notes it may implement a reverse stock split of its outstanding common stock to help achieve this. If it fails to comply by February 9, 2026, its shares become subject to delisting, after which an appeal to a Nasdaq hearings panel would be possible but not assured of success.

 

 

 

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 001-42197

 

MKDWELL Tech Inc.

 

1F, No. 6-2, Duxing Road,

Hsinchu Science Park,

Hsinchu City 300, Taiwan

(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 ☐

 

 

 

 

 

 

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

 

As previously disclosed in the Form 6-K furnished on February 13, 2025, MKDWELL Tech Inc. (the “Company”) received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) on February 10, 2025 that the bid price of its ordinary shares had closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, it did not comply with Nasdaq Listing Ruel 5450(a)(1). The Company was provided 180 calendar days, or until August 11, 2025, to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). On March 25, 2025, the Company transferred the listing of its Ordinary Shares to The Nasdaq Capital Market (the “Capital Market”), and as a result, the Company was afforded the remainder of the 180 day period, or until August 11, 2025, to regain compliance with the minimum $1 bid price per share requirement.

 

The Company did not regain compliance with the minimum $1.00 bid price per share requirement during the first 180-calendar-day compliance period and submitted a written request to the Nasdaq’s staff to provide it with an additional 180-day compliance period to cure the deficiency.

 

On August 13, 2025, the Company received a letter from Nasdaq advising that the Company had been granted an additional 180-day extension, or until February 9, 2026, to regain compliance with the minimum bid price requirement. Nasdaq’s determination is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Capital Market, with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

 

If at any time during this additional time period the closing bid price of the Company’s security is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance and this matter will be closed. However, Nasdaq may, in its discretion, require the Company’s ordinary shares to maintain a bid price of at least $1.00 for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that the Company has demonstrated an ability to maintain long-term compliance.

 

The Company will continue to monitor the closing bid price of its common stock and may, if appropriate, consider implementing available options, including implementing a reverse stock split of its outstanding common stock, to regain compliance with the minimum bid price requirement. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement during this 180-day extension or meet the other continued listing requirements of the Capital Market. If the Company does not regain compliance within the additional compliance period, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel, although there can be no assurance that such an appeal would be successful.

 

 

 

 

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.

 

MKDWELL Tech Inc.  
     
By: /s/ Ming-Chia Huang  
Name: Ming-Chia Huang  
Title: Chief Executive Officer and Director  
     
Date: August 19, 2025  

 

 

 

FAQ

Why is MKDWELL Tech Inc. (MKDW) out of compliance with Nasdaq rules?

MKDWELL Tech Inc. fell out of compliance because the bid price of its ordinary shares closed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1).

How much extra time has MKDWELL Tech Inc. (MKDW) received from Nasdaq to fix its bid price issue?

Nasdaq granted MKDWELL an additional 180‑day extension, giving the company until February 9, 2026 to regain compliance with the minimum $1.00 bid price requirement.

What must MKDWELL Tech Inc. (MKDW) do to regain Nasdaq bid price compliance?

MKDWELL must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days, and Nasdaq may require up to 20 days before confirming long‑term compliance.

What options is MKDWELL Tech Inc. (MKDW) considering to restore its share price?

The company states it may consider available options, including effecting a reverse stock split of its outstanding common stock, to help regain compliance with the minimum bid price requirement.

What happens if MKDWELL Tech Inc. (MKDW) does not regain compliance by February 9, 2026?

If MKDWELL does not regain compliance within the 180‑day extension ending February 9, 2026, Nasdaq will notify the company that its common stock is subject to delisting, and MKDWELL would then be entitled to appeal to a Nasdaq hearings panel.

Does MKDWELL Tech Inc. (MKDW) meet other Nasdaq Capital Market listing requirements?

Yes. Nasdaq’s decision notes that MKDWELL meets the continued listing requirement for market value of publicly held shares and all other applicable initial listing requirements for the Nasdaq Capital Market, except the minimum bid price.
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