mF International Gets Nasdaq Bid Price Extension
Ticker: MFI · Form: 6-K · Filed: Feb 4, 2025 · CIK: 1940941
| Field | Detail |
|---|---|
| Company | Mf International Ltd (MFI) |
| Form Type | 6-K |
| Filed Date | Feb 4, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: compliance, extension, listing-requirements
TL;DR
Nasdaq gives mF International 180 more days to hit $1 bid price or get booted.
AI Summary
mF International Limited announced on February 4, 2025, that it has received an additional 180-day extension from Nasdaq to regain compliance with the minimum bid price rule. The company must now achieve a minimum closing bid price of $1.00 per share by July 29, 2025, to remain listed on the Nasdaq Capital Market.
Why It Matters
This extension provides mF International Limited with more time to improve its stock price and avoid delisting from Nasdaq, which could impact investor confidence and liquidity.
Risk Assessment
Risk Level: medium — The company is at risk of delisting if it cannot meet the minimum bid price requirement within the extended timeframe.
Key Numbers
- 180 days — Extension Period (Additional time granted by Nasdaq to regain compliance.)
- $1.00 — Minimum Bid Price (The target stock price required by Nasdaq for continued listing.)
Key Players & Entities
- mF International Limited (company) — Registrant
- Nasdaq (company) — Stock Exchange
- Chi Weng Tam (person) — Chief Executive Officer
- February 4, 2025 (date) — Filing Date
- July 29, 2025 (date) — Compliance Deadline
FAQ
What is the primary reason for this 6-K filing?
The filing is to report that mF International Limited has received an additional 180-day extension from Nasdaq to regain compliance with the minimum bid price rule.
What is the new deadline for mF International Limited to comply with the minimum bid price rule?
The new deadline is July 29, 2025.
What is the minimum bid price mF International Limited must achieve?
The company must achieve a minimum closing bid price of $1.00 per share.
Who signed this 6-K filing on behalf of mF International Limited?
Chi Weng Tam, Chief Executive Officer, signed the filing.
What is the company's SIC code?
The company's Standard Industrial Classification (SIC) code is 7371, for SERVICES-COMPUTER PROGRAMMING SERVICES.
Filing Stats: 164 words · 1 min read · ~1 pages · Grade level 15.3 · Accepted 2025-02-04 16:10:18
Filing Documents
- form6-k.htm (6-K) — 16KB
- ex99-1.htm (EX-99.1) — 13KB
- ex99-1_001.jpg (GRAPHIC) — 1KB
- 0001493152-25-004857.txt ( ) — 31KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. mF International Limited Date: February 4, 2025 By: /s/ Chi Weng Tam Name: Chi Weng Tam Title: Chief Executive Officer and Executive Director 3