Smart Logistics Global Limited Receives Additional 180-Day Nasdaq Compliance Period
Key Highlights
- ➤Nasdaq grants SLGB an additional 180-day compliance period through April 26, 2027
- ➤SLGB must maintain a $1.00 closing bid price for ten consecutive business days
- ➤Nasdaq listing and SLGB trading continue without immediate effect
- ➤SLGB may pursue a reverse stock split if necessary
HONG KONG, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Smart Logistics Global Limited (Nasdaq: SLGB) (the "Company"), a China-focused industrial logistics and supply chain company, today announced that it has received written notification from The Nasdaq Stock Market LLC ("Nasdaq") granting the Company an additional 180-calendar-day period, or until April 26, 2027, to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
Nasdaq granted the additional compliance period after determining that the Company satisfies the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, except for the minimum bid price requirement. The Company has provided Nasdaq with written notice of its intention to regain compliance during the additional compliance period.
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