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 Number: 001-42734
Ten-League
International Holdings Limited
(Exact
name of registrant as specified in its charter)
c/o
7 Tuas Avenue 2, Singapore 639447
(Address
of principal executive office)
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 ☐
NASDAQ DELISTING NOTICE AND COMPANY REQUEST FOR HEARING
On March 10, 2026, Ten-League International Holdings
Limited (the “Company”) received a Staff Determination (the “Staff Determination”) from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that, unless the Company timely requests
a hearing before an independent Hearings Panel (the “Panel”) the Company’s securities would be subject to
delisting for non-compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”), which requires primary
securities listed on The Nasdaq Capital Market to maintain a minimum bid price of at least $1.00 per share. Nasdaq Listing Rule
5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if a deficiency under the Listing Rule continues
for a period of 30 consecutive business days. Accordingly, the Company intends to timely request a hearing before the Panel. In
accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until March 9, 2026, to regain compliance
with the Minimum Bid Price Rule. As notified by the Staff Determination, the Company has not regained compliance with the Minimum Bid
Price Rule and is not eligible for a second 180 day grace period. The Staff Determination states that it does not appear to the
Nasdaq Staff that it is possible for the Company to cure the deficiency during the second grace period, and in that regard, the
Company’s closing bid price traded above the $1 minimum requirement for only 13 days after the Company’s initial public offering
(which was July 8, 2025).
On March 16, 2026, the Company issued a press
release announcing the Staff Determination. The full text of the Press Release is attached as Exhibit 99.1 to this Current Report on Form
6-K.
The hearing request will automatically stay
any suspension or delisting action pending the hearing and the issuance of the Panel decision following the hearing. The Company’s
securities will continue to trade in the normal manner on The Nasdaq Capital Market under the symbol “TLIH” pending
the hearing and the issuance of a Panel decision following the hearing.
Per Listing Rule 5815(a)(5), the Company will
submit to the Panel a written plan of compliance, and request that the Panel grant an exception to the listing standards for a limited
time period, as permitted by Rule 5815(c)(1)(A). There can be no assurance, however, that the Panel will accept the Company’s
plan to regain compliance and/or grant the requested exception, nor can there be any assurance that such plan will be successful if brought
into effect.
The Company furnishes this report on Form 6-K
to satisfy its obligation under Listing Rule 5810(b) to make public disclosure of the subject deficiency and of the Staff Determination
within four business days thereof.
Forward-Looking Statements
This Form 6-K contains forward-looking statements
that involve risks and uncertainties. The risks and uncertainties involved include the Company’s ability to regain compliance with
Nasdaq’s rules for continued listing, market conditions, and other risks detailed from time to time in the Company’s periodic
reports and other filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on forward-looking
statements, which are based on the Company’s current expectations and assumptions and speak only as of the date of this Form 6-K.
The Company does not intend to revise or update any forward-looking statement in this Form 6-K as a result of new information, future
events or otherwise, except as required by law.
EXHIBIT
INDEX
| Exhibit
No. |
|
Description
|
| 99.1 |
|
Press
Release issued on March 16, 2026 |
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.
| |
Ten-League
International Holdings Limited |
| |
|
|
| Date:
March 16, 2026 |
By: |
/s/
Jison Lim |
| |
Name:
|
Jison
Lim |
| |
Title: |
Director
and Chairman |
Exhibit 99.1
Ten-League International Holdings Limited Announces
Receipt of Nasdaq Staff Delisting Determination and Plans to Appeal
SINGAPORE, March 16, 2026 (GLOBE NEWSWIRE)
— Ten-League International Holdings Limited (Nasdaq: TLIH) (the “Company” or “Ten-League”), a Singapore-based
provider of turnkey project solutions, today announced that, on March 10, 2026, it received a Staff Determination from the Staff of
the Nasdaq Listing Qualifications Department (the “Staff”).
This Staff Determination stated that the
Nasdaq Staff has determined that the Company’s securities will be subject to delisting from The Nasdaq Capital
Market as a result of the Company’s non-compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”),
which requires primary securities listed on The Nasdaq Capital Market to maintain a minimum bid price of at least $1.00 per share,
unless the Company timely requests a hearing before an independent Hearing Panel (the “Panel”). Accordingly, the Company
intends to timely request a hearing before the Panel. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum
bid price requirement exists if a deficiency under the Listing Rule continues for a period of consecutive 30 consecutive business days.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until March 9, 2026, to regain compliance
with the Minimum Bid Price Rule. As notified by the Staff Determination, the Company has not regained compliance with the Minimum Bid
Price Rule and is not eligible for a second 180 day grace period. The Staff Determination states that the Staff concluded
it does not appear that it is possible for the Company to cure the deficiency during the second grace period, and in that regard, the
Company’s closing bid price traded above the $1 minimum requirement for only 13 consecutive trading days after the Company’s
initial public offering (which was on July 8, 2025).
The hearing request will automatically stay
any suspension or delisting action pending the hearing and the issuance of a Panel decision following the hearing. The Company’s
securities will continue to trade in the normal manner on The Nasdaq Capital Market under the symbol “TLIH” pending
the issuance of the Panel decision following the hearing.
Per Listing Rule 5815(a)(5), the Company will
submit to the Panel a plan to regain compliance, and request that the Panel grant an exception to the listing standards for a limited
time period, as permitted by Rule 5815(c)(1)(A). There can be no assurance, however, that the Panel will accept the Company’s
plan to regain compliance and/or grant the requested exception, nor can there be any assurance that such plan will be successful if brought
into effect.
The Company furnishes this announcement to satisfy
its obligation under Listing Rule 5810(b) to make public disclosure of the subject deficiency and of the Staff Determination within four
business days thereof.
About Ten-League International Holdings Limited
Ten-League International Holdings Limited is a
Singapore-based provider of turnkey project solutions. The Company’s business primarily consists of sales of heavy equipment and
parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground
foundation industries. The equipment is organized into four categories based on their functions and application scenarios: foundation
equipment, hoist equipment, excavation equipment and port machinery. The Company also provides value-added engineering solutions under
engineering consultancy services with the aim to address potential safety issues, enhance reliability and productivity and allow for customers
to evaluate the performance of the equipment, the quality of the work completed and the progress of their projects. Ten-League’s
mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair through continuous adaptation
and application of new technologies. For more information, please visit the Company’s website: https://ir.ten-league.com.sg/.
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements. 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. Investors can find many (but not all) of these statements by the use of words such as “believe”,
“plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”,
“aim” and “anticipate” or other similar expressions in this press release. 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 you that such expectations will turn out to be correct, and 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. Readers are cautioned not to place undue
reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors
under the heading “Risk Factors” in the Company’s Annual Reports on Form 20-F, as may be supplemented or amended by
the Company’s Reports of a Foreign Private Issuer on Form 6-K.
For more information, please contact:
Ten-League International Holdings Limited
Investor Relations Department
Email: ir@ten-league.com.sg
Ascent Investor Relations LLC
Tina Xiao
Phone: +1 646-932-7242
Email: investors@ascent-ir.com
