Mergers & Acquisitions ·
The GrowHub Limited received a Nasdaq Hearings Panel Decision Letter on July 29, 2026, granting an exception to…
TGHLGrowHub Ltd
The GrowHub Limited received a Nasdaq Hearings Panel Decision Letter on July 29, 2026, granting an exception to continue listing pending completion of a compliance plan by December 2, 2026. This follows the company's failure to meet minimum bid price and shareholders' equity requirements. The filing details a merger agreement dated July 14, 2026, with EnChem Co., Ltd., under which GrowHub will acquire EnChem America, Inc. in exchange for approximately 85% of its fully-diluted shares (142,848,176 Class A ordinary shares). This transaction constitutes a change in control, requiring the new entity to meet Nasdaq's initial listing standards. The company must demonstrate compliance with these initial rules by December 2, 2026, and promptly notify Nasdaq of significant events during the exception period. The GrowHub Limited operates in the technology sector, focusing on digital infrastructure and cloud services.