Nasdaq flags Primech (NASDAQ: PMEC) for failing $1 minimum bid rule
Rhea-AI Filing Summary
Primech Holdings Ltd has been notified by Nasdaq that its ordinary shares have failed to meet the exchange’s $1.00 minimum bid price requirement for 30 consecutive business days, triggering a deficiency under Nasdaq Listing Rule 5550(a)(2).
The company has 180 calendar days, until August 24, 2026, to regain compliance. If the closing bid price is at least $1.00 for 10 consecutive business days during this period, Nasdaq will confirm compliance and close the matter.
Primech’s shares will continue to trade on the Nasdaq Capital Market under the symbol PMEC while it works to regain compliance. If it fails to do so, it may seek an additional 180‑day grace period or otherwise face potential delisting under Nasdaq rules.
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Insights
Nasdaq bid-price deficiency introduces clear listing risk for Primech.
Primech Holdings has fallen out of compliance with Nasdaq’s
The shares continue trading on the Nasdaq Capital Market during this period, so there is no immediate operational or trading disruption. However, if the company cannot achieve at least
The company may address the deficiency through market performance or corporate actions such as a reverse stock split, which the text notes as a possible cure. Investors will need future disclosures to see whether Primech pursues such measures and whether Nasdaq grants any additional
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 February 2026
Commission File Number: 001-41829
Primech Holdings Ltd.
23 Ubi Crescent
Singapore 408579
+65 6286 1868
(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 ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Nasdaq Letter
Primech Holdings Ltd received a notice dated February 25, 2026, from the Listings Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share of its ordinary shares was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The Nasdaq notification letter does not result in the immediate delisting of the Company’s ordinary shares, and the shares will continue to trade uninterrupted under the symbol “PMEC.”
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until August 24, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum of ten (a10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.
In the event the Company does not regain compliance by August 24, 2026, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten (10) business days prior to August 24, 2026, or the expiration of the second compliance period if granted.
This information is being provided solely to comply with NASDAQ Listing Rules requiring public announcement of the Company’s receipt of the letter from NASDAQ.
On February 26, 2026, the Company issued a press release entitled “Primech Holdings Ltd Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency” A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Exhibits
| Exhibit No | Description | |
| 99.1 | Press Release dated February 26, 2026 |
1
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.
| Primech Holdings Ltd. | ||
| Date: February 26, 2026 | By: | /s/ Kin Wai Ho |
| Name: | Kin Wai Ho | |
| Title: | Chief Executive Officer | |
2
Exhibit 99.1
Primech Holdings Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
SINGAPORE, February 26, 2026 (GlobeNewswire) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, today announces that it received a delinquency notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated February 25, 2026 indicating that the Company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rules for continued listing on the Nasdaq Capital Market, as the closing bid price for the Company’s ordinary shares listed on the Nasdaq Capital Market was below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice provides that the Company has a period of 180 calendar days from the date of the Notice, or until August 24, 2026, to regain compliance with the minimum bid price requirement.
The receipt of the Notice has no immediate effect on the Company’s business operations or the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on the Nasdaq under the ticker “PMEC.” Pursuant to the Notice, the Company has until August 24, 2026 to regain compliance with the minimum bid price requirement, during which time the Company’s ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before August 24, 2026, the bid price of the Company’s ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance to the Company. In the event that the Company does not regain compliance by August 24, 2026, the Company may be eligible for additional time to regain compliance or may face delisting.
About Primech Holdings Limited
Headquartered in Singapore, Primech Holdings Limited (Nasdaq: PMEC) is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond.
For more information, visit www.primechholdings.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
Company Contact:
Email: ir@primech.com.sg
FAQ
What Nasdaq notification did Primech Holdings Ltd (PMEC) receive?
How long does Primech Holdings (PMEC) have to regain Nasdaq bid price compliance?
What must Primech’s share price do to fix the Nasdaq deficiency?
Will Primech Holdings (PMEC) be immediately delisted from Nasdaq?
What happens if Primech cannot meet Nasdaq’s minimum bid price by August 24, 2026?
Can Primech use a reverse stock split to address the Nasdaq bid price issue?
Filing Exhibits & Attachments
1 documentPress Releases
