WF Holding (WFF) restores Nasdaq listing compliance after 1-for-5 reverse split
Rhea-AI Filing Summary
WF Holding Limited reports that it has regained compliance with Nasdaq’s minimum bid price rule. The company had previously fallen below the $1.00 closing bid price requirement for 30 consecutive business days between September 15 and October 27, 2025.
Nasdaq had granted a 180-day cure period through April 27, 2026. WF Holding implemented a 1-for-5 reverse share split on April 13, 2026, after which its ordinary shares closed at or above $1.00 for 11 consecutive business days from April 13 to April 27, 2026, restoring compliance with Nasdaq Listing Rule 5550(a)(2).
Positive
- Nasdaq compliance restored: The company regained compliance with Nasdaq Listing Rule 5550(a)(2) after its shares closed at or above $1.00 for 11 consecutive business days, resolving a prior minimum bid-price deficiency and preserving its Nasdaq Capital Market listing status.
Negative
- None.
Insights
WF Holding eliminates a Nasdaq bid-price deficiency through a reverse split and sustained price recovery.
WF Holding Limited had been out of compliance with Nasdaq Listing Rule 5550(a)(2) after its share price stayed below $1.00 for 30 consecutive business days in 2025. Nasdaq granted a 180-day window, ending April 27, 2026, to cure this deficiency.
The company executed a 1-for-5 reverse share split on April 13, 2026. Following that action, its ordinary shares closed at or above $1.00 for 11 consecutive business days, allowing Nasdaq to confirm renewed compliance. This development removes the previously disclosed bid-price deficiency and stabilizes the company’s listing status, assuming the shares continue to meet Nasdaq’s ongoing requirements.