Sign in Subscribe
Financial markets

SU Group Holdings Limited Receives Notification of Deficiency from Nasdaq

Strategic Insights

— 1 min read

SU Group Holdings Limited (Nasdaq: SUGP) received a written notification letter from The Nasdaq Stock Market LLC (Nasdaq) on August 27, 2025, citing the Company's failure to maintain a sufficient number of publicly held shares. According to Nasdaq's calculation, the Company has approximately 424,000 publicly held shares, which is below the minimum requirement of 500,000 shares to satisfy the listing rules. The notification states that the Company has until October 13, 2025, to submit a plan to regain compliance with Listing Rule 5550(a)(4). The Company intends to submit a plan to regain compliance within the required timeframe.

Key Takeaways:

  • SU Group Holdings Limited received a notification of deficiency from Nasdaq on August 27, 2025, citing the Company's failure to maintain a sufficient number of publicly held shares.
  • The Company has approximately 424,000 publicly held shares, which is below the minimum requirement of 500,000 shares.
  • Nasdaq calculated the publicly held shares on a post-split basis, effective August 25, 2025.
  • The Company has until October 13, 2025, to submit a plan to regain compliance with Listing Rule 5550(a)(4).
  • If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel.
  • SU Group is an integrated security-related services company that primarily provides security-related engineering services, security guarding, and screening services in Hong Kong.
  • The Company has been providing these services for over two decades through its subsidiaries.
  • SU Group provides services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems.

Statistics:

  • Approximately 424,000 publicly held shares, according to Nasdaq's calculation.
  • Minimum of 500,000 publicly held shares required to satisfy Listing Rule 5550(a)(4).
  • August 25, 2025 - Effective date of post-split basis calculation.
  • October 13, 2025 - Deadline for the Company to submit a plan to regain compliance with Listing Rule 5550(a)(4).

Sources:

  • SU Group Holdings Limited
  • The Nasdaq Stock Market LLC (Nasdaq)
  • "Private Securities Litigation Reform Act of 1995"

Read more