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New Century Logistics (NCEW) keeps Nasdaq listing after bid price recovery

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

Rhea-AI Filing Summary

New Century Logistics (BVI) Limited reported that it has regained compliance with Nasdaq’s minimum bid price rule for continued listing on the Nasdaq Capital Market. The company had previously fallen out of compliance after its ordinary shares traded below $1.00 per share for 30 consecutive business days, triggering a notice on August 12, 2025 and a 180-day cure period through February 9, 2026.

Nasdaq later confirmed that, from November 14, 2025 to December 2, 2025, the closing bid price of New Century’s Class A ordinary shares was at or above $1.00 for 12 straight trading days. On December 3, 2025, Nasdaq notified the company that Listing Rule 5550(a)(2) was satisfied and the prior bid-price deficiency was closed. New Century operates as an international freight forwarding and logistics service provider, generating revenue mainly from air freight export shipments to regions including North America, Europe and Asia.

Positive

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Insights

Nasdaq bid-price compliance removes a key delisting risk for New Century.

New Century Logistics confirms it is back in compliance with Nasdaq’s minimum bid rule after its shares closed at or above $1.00 for 12 consecutive business days through December 2, 2025. Nasdaq formally closed the deficiency on December 3, 2025.

This change means the company’s Nasdaq Capital Market listing is no longer jeopardized by the earlier bid-price violation that began with the notice on August 12, 2025. Maintaining the listing can be important for trading liquidity and access to U.S. capital markets, though the filing does not detail any related capital plans.

Operationally, the company describes itself as an international freight forwarder focused on air freight exports across North America, Europe and Asia. Future disclosures in periodic reports will provide more detail on how its core logistics business performs now that the bid-price compliance issue has been resolved.

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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 March 2026

 

Commission File No. 001-42415

 

NEW CENTURY LOGISTICS (BVI) LIMITED

 

Office A-E, 33/F, King Palace Plaza
55 King Yip Street, Kwun 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 ☐

 

 

 

 
 

 

As previously disclosed, on August 12, 2025, New Century Logistics (BVI) Limited (the “Company”) received a notification from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The notification was issued because the closing bid price of the Company’s ordinary shares had fallen below $1.00 per share for 30 consecutive business days. In accordance with Nasdaq rules, the Company was provided an initial period of 180 calendar days, or until February 9, 2026, to regain compliance.

 

On December 3, 2025, the Company received a letter from the Nasdaq stating that because the Company’s Class A ordinary shares had a closing bid price at or above $1.00 per share for 12 consecutive business days, from November 14, 2025 to December 2, 2025, the Company had regained compliance with the Minimum Bid Price Requirement of $1.00 per share for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2), and that the prior bid price deficiency matter is now closed.

 

Exhibit No.   Description
99.1   Press Release

 

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.

 

Dated: March 9, 2026

 

  New Century Logistics (BVI) Limited
     
  By: /s/ Ching Shun Ngan
  Name: Ching Shun Ngan
  Title: Chief Executive Officer

 

2

 

 

 

Exhibit 99.1

 

New Century Logistics (BVI) Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement

 

Hong Kong, China, March 9, 2026 — New Century Logistics (BVI) Limited (hereinafter referred to as “New Century” or the “Company”), a company listed on the NASDAQ, announced that it has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Stock Market LLC (“Nasdaq”).

 

On August 12, 2025, the Company received a written notification from the Nasdaq Listing Qualifications staff, informing the Company that its ordinary shares had failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market.

 

Since then, the Company has taken active measures to address this issue and has successfully regained compliance. Specifically, for the 12 consecutive business days, from November 14, 2025 to December 2, 2025, the closing bid price of the Company’s ordinary shares has been at $1.00 per share or greater. Accordingly, Nasdaq has formally notified the Company on December 3, 2025 that it has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed.

 

About New Century Logistics (BVI) Limited

 

New Century is an international freight forwarding company and logistics service provider. Its customers include direct shippers and other freight forwarders. New Century assists its clients in both importing and exporting of goods which principally involves the arrangement of shipment upon receipt of booking instructions from our customers, including sale of cargo space, cargo pick up, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance and cargo handling at ports. New Century’s freight forwarding services principally generate revenues from air freight export shipments to regions such as North America, Europe and Asia.

 

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

 

This press release contains “forward-looking statements”. You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of New Century. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. A more complete discussion of the risks and uncertainties facing the Company appears in the registration statement and in the Company’s Annual Information Form and other continuous disclosure filings, which are available on EDGAR at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us, including those described in New Century Logistics’ prospectus filed with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.

 

Contact:

 

ir@nclogistics.com.hk

New Century Logistics (BVI) Ltd

A-E 33/F King Palace Plaza

55 King Yip Street

Kwun Tong Hong Kong

www.nclogistics.com.hk

 

 

 

 

FAQ

What did New Century Logistics (NCEW) announce in this 6-K filing?

New Century Logistics announced it has regained compliance with Nasdaq’s minimum bid price requirement. After previously falling below $1.00 for 30 days, its shares traded at or above that level for 12 consecutive business days, leading Nasdaq to close the deficiency issue.

Why was New Century Logistics (NCEW) previously non-compliant with Nasdaq rules?

The company became non-compliant because its ordinary shares closed below $1.00 per share for 30 consecutive business days. This triggered an August 12, 2025 notification from Nasdaq under Listing Rule 5550(a)(2), starting a 180-day period to restore the minimum bid price compliance.

How did New Century Logistics (NCEW) regain Nasdaq minimum bid price compliance?

New Century regained compliance after its Class A ordinary shares had a closing bid price at or above $1.00 per share for 12 consecutive business days, from November 14, 2025 to December 2, 2025. Nasdaq then issued a December 3, 2025 letter confirming the deficiency was resolved.

What Nasdaq listing rule applies to New Century Logistics (NCEW)?

New Century’s shares are subject to Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share for continued listing on the Nasdaq Capital Market. The company’s recent trading history met this rule again, allowing Nasdaq to close the prior deficiency matter.

Does New Century Logistics (NCEW) still face a delisting threat from Nasdaq?

Based on this disclosure, the prior bid price deficiency is now closed, so that specific delisting risk has been removed. Nasdaq formally notified New Century on December 3, 2025 that it had regained compliance with Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.

What business does New Century Logistics (NCEW) operate in?

New Century Logistics is an international freight forwarding and logistics services company. It arranges shipments for direct shippers and other freight forwarders, including selling cargo space, handling documentation, customs clearance, and cargo processing, with revenue mainly from air freight exports to North America, Europe and Asia.

Filing Exhibits & Attachments

1 document