Ten-League International Holdings Limited Receives Deficiency Letter from Nasdaq Listing Qualifications Department

Strategic Insights -

Singapore-based Ten-League International Holdings Limited, a provider of turnkey project solutions, received a deficiency letter from the Nasdaq Listing Qualifications Department on September 9, 2025. The letter cited the company's failure to maintain a minimum bid price of $1.00 per share of its ordinary shares for 30 consecutive business days between July 25, 2025, and September 8, 2025. However, the deficiency has no immediate effect on the company's continued listing status on The Nasdaq Capital Market. Ten-League has been provided a compliance period of 180 calendar days, or until March 9, 2026, to regain compliance with the Minimum Bid Price Requirement.

Key Takeaways:

  • Ten-League International Holdings Limited received a deficiency letter from the Nasdaq Listing Qualifications Department on September 9, 2025, due to a failure to maintain a minimum bid price of $1.00 per share for its ordinary shares.
  • The deficiency has no immediate effect on the company's continued listing status on The Nasdaq Capital Market.
  • Ten-League has been provided a compliance period of 180 calendar days, or until March 9, 2026, to regain compliance with the Minimum Bid Price Requirement.
  • The company intends to actively monitor the closing bid price of its ordinary shares and evaluate available options to regain compliance with the Minimum Bid Price Requirement.
  • Failure to comply with the Minimum Bid Price Requirement within the given timeframe may result in delisting from The Nasdaq Capital Market.
  • Ten-League's business operations are not affected by the receipt of the deficiency letter.

Statistics:

  • 30 consecutive business days: the period during which Ten-League failed to maintain a minimum bid price of $1.00 per share for its ordinary shares.
  • 180 calendar days: the compliance period given to the company to regain compliance with the Minimum Bid Price Requirement.
  • $1.00: the minimum bid price required for Ten-League's ordinary shares to be listed on The Nasdaq Capital Market.
  • 10 business days: the timeframe within which the company must complete a reverse stock split, if necessary, to regain compliance.
  • March 9, 2026: the deadline for Ten-League to regain compliance with the Minimum Bid Price Requirement.

Sources:

  • GLOBE NEWSWIRE, "Ten-League International Holdings Limited Receives Deficiency Letter from Nasdaq Listing Qualifications Department"
  • U.S. Securities and Exchange Commission (SEC), "Form 6-K for Ten-League International Holdings Limited"
  • Ascent Investor Relations LLC, "Ten-League International Holdings Limited Investor Relations Department"