FGI Industries receives Nasdaq bid-price deficiency notice; 180 days to regain compliance

FGI Industries Ltd.

Nasdaq notified FGI on Sept 6, 2024 that bid price was below $1.00 for 30 consecutive business days.
Company has until March 5, 2025 to regain compliance under Rule 5550(a)(2).
Compliance requires closing bid ≥$1.00 for at least 10 consecutive business days.
If not cured, FGI may qualify for an additional 180-day period if it meets other listing standards.
Failure to cure could lead to delisting; company may appeal any delisting determination.

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