New Century Logistics Regains Nasdaq Bid Compliance
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.
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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.
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.
FAQ
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What did New Century Logistics (NCEW) announce in this 6-K filing?
Why was New Century Logistics (NCEW) previously non-compliant with Nasdaq rules?
How did New Century Logistics (NCEW) regain Nasdaq minimum bid price compliance?
What Nasdaq listing rule applies to New Century Logistics (NCEW)?
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