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DirectBooking Technology (ZDAI) restores Nasdaq minimum $1 bid price compliance

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

Rhea-AI Filing Summary

DirectBooking Technology Co., Ltd. reported that it has regained compliance with Nasdaq’s minimum bid price requirement. Nasdaq formally notified the company on March 5, 2026, after the closing bid price of its ordinary shares was at or above $1.00 for ten consecutive business days from February 19 to March 4, 2026.

This resolves a prior deficiency first raised on March 12, 2025, when the share price had traded below $1.00 for 30 straight business days. Nasdaq has now closed the bid price deficiency matter, and the company remains eligible for continued listing under Nasdaq Listing Rule 5550(a)(2).

Positive

  • Regained Nasdaq compliance: Nasdaq confirmed the company again meets the minimum bid price of $1.00 per share for continued listing, closing a deficiency first noted in March 2025 and removing an immediate delisting risk.

Negative

  • None.

Insights

Regaining Nasdaq bid-price compliance removes an immediate delisting risk.

DirectBooking Technology received confirmation on March 5, 2026 that it again meets Nasdaq Listing Rule 5550(a)(2), after its shares closed at or above $1.00 for ten straight business days from February 19 to March 4, 2026.

This follows an earlier notice on March 12, 2025 that the stock had traded below $1.00 for 30 consecutive business days, triggering potential delisting if not remedied. Nasdaq had granted two 180‑day grace periods before the company regained compliance.

With the deficiency now officially closed, the immediate regulatory overhang tied to the minimum bid price is lifted. Future company disclosures and market trading will determine whether the share price continues to meet Nasdaq’s ongoing bid-price requirement.

FAQ

What did DirectBooking Technology Co., Ltd. (ZDAI) announce in its latest 6-K?
DirectBooking Technology announced that Nasdaq has confirmed it regained compliance with Listing Rule 5550(a)(2), after its ordinary shares closed at or above $1.00 for ten consecutive business days, from February 19 to March 4, 2026, officially closing a prior bid price deficiency.

Why was DirectBooking Technology (ZDAI) previously non-compliant with Nasdaq rules?
The company was previously non-compliant because its bid price closed below $1.00 per share for 30 consecutive business days, leading to a Nasdaq notice on March 12, 2025. That triggered a minimum bid price deficiency under Listing Rule 5550(a)(2) and started grace periods to regain compliance.

How did DirectBooking Technology (ZDAI) regain Nasdaq minimum bid price compliance?
DirectBooking Technology regained compliance when Nasdaq determined its ordinary shares maintained a closing bid price of at least $1.00 for ten straight business days. This trading period ran from February 19 to March 4, 2026, satisfying Nasdaq Listing Rule 5550(a)(2) requirements for continued listing.

What are the key dates in DirectBooking Technology’s (ZDAI) Nasdaq compliance history?
Key dates include March 12, 2025, when Nasdaq first notified the company of a bid price deficiency, September 8, 2025, the initial grace period end, March 9, 2026, the extended deadline, and March 5, 2026, when Nasdaq confirmed the company had regained full compliance.

What does closing the Nasdaq bid price deficiency mean for DirectBooking Technology (ZDAI)?
Closing the bid price deficiency means Nasdaq now considers DirectBooking Technology in compliance with Listing Rule 5550(a)(2). The company remains eligible for continued listing, and the prior issue linked to its share price trading below $1.00 is formally resolved and no longer pending.

What business does DirectBooking Technology Co., Ltd. (ZDAI) operate?
DirectBooking Technology is a Cayman Islands holding company operating through its Hong Kong subsidiary, Primega Construction Engineering. It provides transportation services to Hong Kong’s construction industry, mainly soil and rock transportation, excavation and lateral support works, and bored piling, generally as a subcontractor.

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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 001-42181

 

DirectBooking Technology Co., Ltd.

 

Room 2912, 29/F., New Tech Plaza

34 Tai Yau Street

San Po Kong

Kowloon, Hong Kong

(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 ☐

 

 

 

 

 

 

Notice of Regained Compliance with Nasdaq Listing Rules

 

As previously disclosed, on March 12, 2025, DirectBooking Technology Co., Ltd. (the “Company”) received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the bid price of the Company had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result did not comply with Listing Rule 5550(a)(2). Nasdaq has provided the Company with a 180 calendar days compliance period, or until September 8, 2025, in which to regain compliance with Nasdaq continued listing requirement. On September 9, 2025, the Company received a letter from Nasdaq, notifying the Company that Nasdaq has determined the Company is eligible for an additional 180 calendar day period, or until March 9, 2026, to regain compliance with the minimum bid price of $1 per share requirement pursuant to the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2).

 

On March 5, 2026, the Company received formal notification from Nasdaq, that the Company has regained compliance with the Nasdaq Minimum Bid Price Requirement. Nasdaq made this determination of compliance after the closing bid price of the Company’s ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days from February 19 to March 4, 2026. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and the prior bid price deficiency matter is now closed.

 

A copy of the press release announcing the Company’s regain of compliance is furnished as Exhibit 99.1 to this Form 6-K.

 

EXHIBIT INDEX

 

Exhibit No.   Exhibit
99.1   Press release

 

 

 

 

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.

 

  DirectBooking Technology Co., Ltd.
     
  By: /s/ Tan Yu
  Name: Tan Yu
  Title: Chief Executive Officer, Chairman of the Board and Director

 

Date: March 6, 2026

 

 

 

 

 

Exhibit 99.1

  

DirectBooking Technology Co., Ltd. Announces Regained Compliance with Nasdaq Minimum Bid Price Requirement

 

HONG KONG, March 6, 2026 — DirectBooking Technology Co., Ltd. (“DirectBooking Technology” or the “Company”, Nasdaq: ZDAI) today announced that on March 5, 2026, the Company received formal notification from The Nasdaq Stock Market (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), after the closing bid price of its ordinary shares was at or above $1.00 for at least 10 consecutive business days.

 

Nasdaq made this determination after the closing bid price of the Company’s ordinary shares maintained at $1.00 per share or greater for ten consecutive business days from February 19 to March 4, 2026. The prior bid price deficiency matter, which was first notified to the Company on March 12, 2025, is now officially closed.

 

“We are pleased to have resolved this matter and regained full compliance with Nasdaq’s continued listing requirements,” said Tan Yu, Chief Executive Officer and Chairman of the Board of the Company. “This milestone reflects the confidence of our shareholders and the progress we are making in executing our strategic vision.”

 

About DirectBooking Technology Co., Ltd.

 

The Company is a holding company incorporated in the Cayman Islands, and its operations are conducted through its Hong Kong operating subsidiary, Primega Construction Engineering Co. Limited. The Company provides transportation services in Hong Kong’s construction industry and employs environmentally friendly practices with the aim of facilitating the reuse of construction and demolition materials and reducing construction waste. The Company primarily handles the transportation of materials excavated from construction sites. The Company’s services principally consist of (i) soil and rock transportation services and (ii) construction works, which mainly include excavation and lateral support works and bored piling. The Company generally provides its services as a subcontractor to other construction contractors in Hong Kong.

 

For more information, please contact:

DirectBooking Technology Co., Ltd.

tanyu@primegaghl.com

 

 

 

Source: View Original Filing on SEC EDGAR

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