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Nasdaq flags Smart Logistics Global (SLGB) for sub-US$1.00 bid price

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

Rhea-AI Filing Summary

Smart Logistics Global Limited has been notified by Nasdaq that it is not in compliance with the exchange’s minimum bid price requirement because its ordinary shares closed below US$1.00 for 30 consecutive business days from March 19, 2026 through April 30, 2026.

The company has 180 calendar days, until October 28, 2026, to regain compliance by maintaining a closing bid of at least US$1.00 for ten consecutive business days. Its shares will continue trading on the Nasdaq Capital Market under the symbol SLGB during this period while the company monitors its share price and evaluates options, which may include a reverse stock split.

Positive

  • None.

Negative

  • Nasdaq bid-price deficiency and delisting risk: SLGB’s ordinary shares traded below US$1.00 for 30 consecutive business days, triggering a Nasdaq minimum bid price deficiency notice and starting a 180-day compliance window, after which the company could face delisting if it cannot meet the requirement.

Insights

Nasdaq bid-price deficiency puts SLGB’s listing status at risk if unremedied.

Smart Logistics Global Limited has fallen below Nasdaq’s US$1.00 minimum bid price for 30 straight business days, triggering a formal deficiency notice. The shares remain listed, but this starts a defined 180-day clock to restore compliance.

If the price closes at or above US$1.00 for at least ten consecutive business days by October 28, 2026, Nasdaq will confirm compliance. Otherwise, a second 180-day period is possible only if other Nasdaq Capital Market criteria are met and the company commits to a cure, potentially via a reverse stock split.

The company’s statement that it is monitoring the bid and “evaluating available options” signals openness to corporate actions, but there is no assurance of success or of any additional compliance period. The key practical risk is eventual delisting from Nasdaq Capital Market if compliance cannot be regained under the exchange’s timelines.

Minimum bid price threshold US$1.00 per share Nasdaq Listing Rule 5550(a)(2) requirement
Non-compliance period 30 consecutive business days Below US$1.00 from March 19, 2026 to April 30, 2026
Initial compliance window 180 calendar days To regain bid-price compliance, ending October 28, 2026
Required compliant streak 10 consecutive business days Closing bid at or above US$1.00 to regain compliance
Logistics park size 110,000 square meters Smart logistics park in Jiangxi Province, China
Truck load centers 7 centers Full-truck load centers located in China
Nasdaq Listing Rule 5550(a)(2) regulatory
"not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2)"
minimum bid price requirement regulatory
"not in compliance with the minimum bid price requirement set forth in 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.
Compliance Period regulatory
"a compliance period of one hundred eighty (180) calendar days, or until October 28, 2026 (the “Compliance Period”)"
A compliance period is a defined stretch of time during which a company must meet specific legal, regulatory, or contractual rules and reporting requirements. Think of it like a scheduled inspection window or a homework deadline: failing to satisfy the rules within that window can trigger fines, restrictions, or extra oversight, so investors watch compliance periods as signals of near-term legal risk, potential costs, and impacts on a company’s operations or cash flow.
reverse stock split financial
"including by effecting a reverse stock split, if necessary"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Nasdaq Capital Market market
"continue to trade on The Nasdaq Capital Market under the symbol “SLGB.”"
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.

 

 

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 May 2026

 

Commission File Number: 001-42454

 

SMART LOGISTICS GLOBAL LIMITED

(Registrant’s Name)

 

Unit No. 805, 8th Floor, Capital Centre

151 Gloucester Road,

Wanchai, Hong Kong

(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 

 

 

 

 

 

Bid Price Deficiency

 

Smart Logistics Global Limited (the “Company”) received a notice dated May 1, 2026, from the Listing 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 “SLGB.”

 

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until October 28, 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 (10) 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 October 28, 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.

 

On May 5, 2026, the Company issued a press release announcing the receipt of the Nasdaq notification letter. A copy of the press release dated May 5, 2026 is included as Exhibit 99.1 to this report.

 

Exhibits.

 

The following exhibits are being filed herewith:

 

99.1   Press release dated May 5, 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.

 

  Smart Logistics Global Limited
     
Date: May 5, 2026 By: /s/ Hue Kwok Chiu
  Name:  Hue Kwok Chiu
  Title: Chief Executive Officer

 

2

 

Exhibit 99.1

 

Smart Logistics Global Limited Announces Receipt of Nasdaq Minimum Bid Price Deficiency Notice

 

May 5, 2026 -- Smart Logistics Global Limited (Nasdaq: SLGB) (the “Company”) today announced that it received a written notification dated May 1, 2026 from the Nasdaq Listing Qualifications Department indicating that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

 

The notification stated that the closing bid price of the Company’s ordinary shares was below US$1.00 per share for 30 consecutive business days from March 19, 2026 through April 30, 2026.

 

In accordance with applicable Nasdaq listing rules, the Company has been provided an initial compliance period of 180 calendar days, or until October 28, 2026, to regain compliance. To regain compliance, the closing bid price of the Company’s ordinary shares must be at least US$1.00 per share for a minimum of ten (10) consecutive business days during the compliance period.

 

The receipt of the notification has no immediate effect on the listing of the Company’s ordinary shares, which will continue to trade on The Nasdaq Capital Market under the symbol “SLGB.”

 

The Company is actively monitoring the bid price of its ordinary shares and evaluating available options to regain compliance with the Nasdaq minimum bid price requirement within the permitted timeframe. However, there can be no assurance that the Company will be able to regain compliance during the compliance period or that Nasdaq will grant any additional compliance period, if applicable.

 

As required by Nasdaq rules, Nasdaq will place an indicator with quotation information for the Company’s ordinary shares on its trading systems to denote the Company’s non-compliance with the minimum bid price requirement.

 

About Smart Logistics Global Limited

 

Since 2018, the Company has been a business-to-business (B2B) contract logistics provider in China, focusing on industrial raw materials transportation. The Company offers tailored, cost-efficient logistics solutions primarily through land-only transportation services for large institutional clients with long-term contracts. By leveraging its proprietary Transportation Management System to optimize routes and equipment, the Company also commits to a scalable model via investments in advanced logistics infrastructure, including its 110,000-square-meter smart logistics park in Jiangxi Province and 7 full-truck load centers strategically located in China, which effectively enhances its operations and growth potential. For more information, please visit: https://www.smartlogisticsglobal.com/.

 

 

 

Forward-Looking Statement

 

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Company’s annual report on form 20-F and the registration statement on form F-1, as amended, filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

Investor Relations Contact

 

Andrew Barwicki

516-662-9461

andrew@barwicki.com

 

 

FAQ

What did Smart Logistics Global Limited (SLGB) disclose in this Nasdaq notice?

Smart Logistics Global Limited disclosed that Nasdaq notified it on May 1, 2026 that its ordinary shares no longer meet the US$1.00 minimum bid price requirement after trading below that level for 30 consecutive business days, formally placing the company in bid-price deficiency status.

How long does SLGB have to regain compliance with Nasdaq’s minimum bid price rule?

SLGB has an initial 180-day compliance period, ending on October 28, 2026. During this time, its shares must close at or above US$1.00 for at least ten consecutive business days for Nasdaq to confirm that the company has regained compliance.

Will Smart Logistics Global Limited’s shares be immediately delisted from Nasdaq?

No, the Nasdaq notice has no immediate effect on SLGB’s listing. The company’s ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol SLGB while it attempts to regain compliance during the specified 180-day period.

Can SLGB receive more time beyond October 28, 2026 to fix the bid price issue?

SLGB may qualify for an additional 180-day grace period if it meets all initial Nasdaq Capital Market listing standards other than bid price and notifies Nasdaq of its intent to cure the deficiency, potentially including a reverse stock split during that second period.

What specific bid price condition must SLGB meet to regain Nasdaq compliance?

To regain compliance, the closing bid price of SLGB’s ordinary shares must be at least US$1.00 per share for a minimum of ten consecutive business days during the 180-day compliance period that runs through October 28, 2026 under Nasdaq Listing Rule 5550(a)(2).

How will investors know SLGB is currently non-compliant with Nasdaq’s bid rule?

Nasdaq will place a non-compliance indicator alongside quotation information for SLGB’s ordinary shares on its trading systems. This indicator signals to market participants that the company is currently below the minimum bid price requirement while it works through the compliance period.

Filing Exhibits & Attachments

1 document