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Nasdaq grants Smart Logistics Global an additional 180 days to regain compliance with the $1.00 minimum bid price requirement
SLGBSmart Logistics Global Ltd
The Nasdaq Stock Market granted Smart Logistics Global Limited an additional 180-calendar-day period, extending until April 26, 2027, to regain compliance with the minimum $1.00 bid price per share requirement under Listing Rule 5550(a)(2). This extension follows a previous notification on May 1, 2026, that the company failed to meet the requirement due to its closing bid price remaining below $1.00 for 30 consecutive business days. The initial compliance period expired on October 28, 2026. Nasdaq granted this additional time because the company satisfied other continued listing requirements, including market value of publicly held shares. To regain compliance, the company's Class A ordinary shares must close at or above $1.00 for ten consecutive business days within the new period. If the deficiency is not cured by April 26, 2027, Nasdaq will initiate delisting proceedings, though the company may appeal to a Hearings Panel. The filing notes that the company intends to monitor its share price and evaluate alternatives, including a potential reverse stock split. Smart Logistics Global Limited operates as a China-focused industrial logistics and supply chain provider offering B2B contract logistics solutions.