TWG Announces Receipt of Nasdaq Minimum Bid Price Notification
Globe Newswire•06/10/2026•16:00 ET
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Key Highlights
- ➤Nasdaq notified Top Wealth (TWG) of minimum bid-price noncompliance after 30 consecutive days below $1.00
- ➤TWG has until March 31, 2027, to regain Nasdaq minimum bid compliance
- ➤TWG could seek an additional 180-day extension if it meets Nasdaq requirements
- ➤TWG may consider a reverse stock split to cure the bid-price deficiency
Lille, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (NASDAQ: TWG)(“Top Wealth” or the “Company”), today announced it received a notification letter dated October 2, 2026 from The Nasdaq Stock Market LLC (“Nasdaq”), indicating that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.
According to the letter, the closing bid price of the Company’s listed securities was below US$1.00 per share for the last 30 consecutive business days, i.e. from August 20, 2026 to October 1, 2026.
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