Linkage Global gets time through Nov. 30 to regain Nasdaq compliance
Linkage Global Inc. was notified by Nasdaq on June 3, 2026, that its Class A ordinary shares no longer meet the minimum bid price of $1 per share under Rule 5550(a)(2). The company has 180 days, until Nov. 30, 2026, to restore compliance. Linkage Global is evaluating options, including a reverse stock split, but warned there is no guarantee it will meet the requirements.
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Linkage Global Inc. has received a notification from The Nasdaq Stock Market LLC stating it no longer meets the continued listing requirement to maintain a minimum bid price of $1 per share. The notification, dated June 3, 2026, was issued by the Listing Qualifications Department based on the closing bid price of the company's Class A ordinary shares for the last 30 consecutive business days. The company has been granted an initial compliance period of 180 calendar days, or until Nov. 30, 2026, to regain compliance.
The noncompliance notice cites Nasdaq Listing Rules 5550(a)(2), which mandates a minimum bid price of $1 per share for continued listing. Linkage Global, a public company providing cross-border e-commerce integrated services, must now ensure its share price meets or exceeds this threshold within the specified period to avoid potential delisting. The notification has no immediate effect on the listing or trading of the company's Class A ordinary shares, which will continue to trade on Nasdaq under the symbol "UZX."
| Detail | Information |
|---|---|
| Notification Date | June 3, 2026 |
| Minimum Bid Requirement | $1 per share |
| Applicable Rule | Nasdaq Listing Rules 5550(a)(2) |
| Compliance Deadline | Nov. 30, 2026 |
If the company does not regain compliance by the initial deadline, it may be eligible for an additional 180 calendar days. This second period is contingent upon the company meeting the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, excluding the bid price requirement. The company would also need to provide written notice of its intention to cure the deficiency, potentially by effecting a reverse stock split.
Linkage Global is currently evaluating all available options to regain compliance and intends to take appropriate actions within the prescribed timeframe. However, the company stated there can be no assurance that it will be able to regain compliance with Rule 5550(a)(2) or meet other Nasdaq continued listing requirements. If it appears the company will not be able to cure the deficiency or is otherwise not eligible, Nasdaq will provide notice that the company's securities will be subject to delisting.
What strategic measures, such as a reverse stock split, is Linkage Global considering to boost its share price above $1?
How might the potential delisting risk impact investor confidence and trading volume of Linkage Global's shares?
What are the potential consequences for Linkage Global's business operations and partnerships if it fails to regain compliance?
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