PS International Group Ltd. Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
PS International Group Ltd. Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency
Hong Kong, Nov. 01, 2024 (GLOBE NEWSWIRE) -- PS International Group Ltd. (NASDAQ: PSIG) ("PSIG" or the "Company"), a long-established global logistics service provider headquartered in Hong Kong specialized in cross-border air freight services, today announced that it received a delinquency notification letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on October 30, 2024 indicating that the Company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq's Listing Rules for continued listing on the Nasdaq Capital Market, as the closing bid price for the Company's ordinary shares listed on the Nasdaq Capital Market was below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice provides that the Company has a period of 180 calendar days from the date of the Notice, or until April 28, 2025, to regain compliance with the minimum bid price requirement.
香港,2024年11月01日(環球新聞社)-- PS國際集團有限公司(納斯達克:PSIG)(「PSIG」或「公司」),總部位於香港的一家歷史悠久的全球物流服務提供商,專門提供跨境空運服務,今天宣佈,公司於2024年10月30日收到了納斯達克股市有限公司(「納斯達克」)上市資格部門發出的違約通知函(「通知」),指出公司目前未達到納斯達克資本市場上市規則規定的最低買盤價要求,因爲公司在納斯達克資本市場上市的普通股的收盤買入價連續30個營業日低於1美元。納斯達克上市規則5550(a)(2)要求上市證券維持每股1美元的最低買盤價,而納斯達克上市規則5810(c)(3)(A)規定,如果連續30個營業日未能達到最低買盤價要求,則存在不達標的風險。通知規定公司有從通知之日起180個日曆日的期限,直至2025年4月28日,才能重新符合最低買盤價要求。
The receipt of the Notice has no immediate effect on the Company's business operations or the listing of the Company's ordinary shares, which will continue to trade uninterrupted on the Nasdaq under the ticker "PSIG." Pursuant to the Notice, the Company has until April 28, 2025 to regain compliance with the minimum bid price requirement, during which time the Company's ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before April 28, 2025, the bid price of the Company's ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance to the Company.
收到該通知對公司的業務運營或普通股的上市沒有立即影響,公司的普通股將繼續在納斯達克以「PSIG」ticker不間斷交易。根據通知,公司有直到2025年4月28日的時間來重新符合最低買盤價要求,在此期間,公司的普通股將繼續在納斯達克資本市場交易。如果在2025年4月28日之前的任何時間,公司的普通股買入價收盤價達到或超過每股1美元,且連續交易不少於10個營業日,納斯達克將向公司提供符合要求的書面確認。
In the event that the Company does not regain compliance by April 28, 2025, the Company may be eligible for additional time to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the deficiency during the second compliance period.
如果公司在2025年4月28日之前未能重新符合要求,則公司可能有資格獲得額外的時間來重新符合規定。爲了符合資格,公司將需要滿足公開持股市值的持續上市要求,以及納斯達克資本市場的所有其他初始上市標準,除了最低買盤價要求。此外,公司還將需要在第二合規期間通知納斯達克其意願糾正這一不足。
About PS International Group Ltd.
關於PS International Group Ltd。
PSIG is a long-established global logistics and supply chain solution provider, specialized in air freight forwarding services, connecting businesses from Asian transportation hubs to the US and the rest of the world. The company was founded in 1993, since inception it has provided standard and tailored logistics services covering over 140 countries. The company's vision is to make cross-border trade easier for everyone, helping customers to unlock the value of time through efficient integrated supply chain solutions. PSIG conducts businesses via operational subsidiaries headquartered in Hong Kong, namely Profit Sail Int'l Express (H.K.) Limited and Business Great Global Supply Chain Limited, which derive revenue from air and ocean freight forwarding services and supply chain ancillary services. The company plans to expand its network and enhance its cross-border capacities in the United States, Middle East and Southeast Asia, with more local cooperations and strategic partnerships. The company continues to invest in its smart logistics system, aiming to be a leading technology-driven logistics service provider in global e-Commerce market.
PSIG是一家歷史悠久的全球物流和供應鏈解決方案提供商,專注於空運貨運服務,連接亞洲交通樞紐與美國及世界其他地區的企業。該公司成立於1993年,自成立以來,已提供覆蓋140多個國家的標準和定製物流服務。公司的願景是爲每個人簡化跨境貿易,通過高效的集成供應鏈解決方案幫助客戶釋放時間的價值。PSIG通過總部位於香港的運營子公司進行業務,即Profit Sail Int'l Express(H.k.)有限公司和Business Great Global Supply Chain有限公司,從空運和海運貨運服務以及供應鏈附屬服務中獲得收入。該公司計劃在美國、中東和東南亞擴大其網絡,並增強其跨境能力,與更多當地合作伙伴和戰略合作伙伴合作。該公司繼續投資於智能物流系統,旨在成爲全球電子商務市場的領先技術驅動型物流服務提供商。
譯文內容由第三人軟體翻譯。