Lakeside Holding Ltd (LSH): Nasdaq/NYSE listing notice — Lakeside Holding receives Nasdaq deficiency notice for insufficient stockholders' equity

Lakeside Holding Ltd

Stockholders' equity of $1,646,281 as of Dec 31, 2024 is below Nasdaq's $2.5 million minimum.
Company also fails alternative standards: market value of listed securities ($35M) and net income ($500K) tests.
Company has 45 days from Feb 21, 2025 to submit a compliance plan; possible extension up to 180 days.
Listing continues for now; no immediate impact on trading of common stock (LSH).

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Lakeside Holding Ltd received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

February 21, 2025, Lakeside Holding Limited (the “Company”) received a letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, under Listing Rule 5550(b)(1), because the Company’s stockholders’ equity of $1,646,281 as reported in the Company’s Quarterly Report on Form 10-Q for the period ended December 31, 2024 was below the required minimum of $2.5 million, and because, as of February 20, 2025

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Lakeside Holding Ltd filing history →

Source: SEC EDGAR

accession 0001213900-25-017999

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