U-BX Technology Faces Nasdaq Bid Price Non-Compliance
Ticker: UBXG · Form: 6-K · Filed: Dec 17, 2024 · CIK: 1888525
| Field | Detail |
|---|---|
| Company | U-Bx Technology Ltd. (UBXG) |
| Form Type | 6-K |
| Filed Date | Dec 17, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: listing-compliance, delisting-risk, nasdaq
TL;DR
Nasdaq says U-BX shares too cheap, needs to fix by June 2025 or get booted.
AI Summary
On December 13, 2024, U-BX Technology Ltd. received a notification from Nasdaq stating that its ordinary shares are not in compliance with the minimum bid price requirement of $1.00 per share. The company has a grace period until June 10, 2025, to regain compliance.
Why It Matters
Failure to meet Nasdaq's minimum bid price requirement could lead to delisting, impacting the company's liquidity and investor confidence.
Risk Assessment
Risk Level: medium — The company is at risk of delisting from Nasdaq if it cannot meet the minimum bid price requirement within the specified timeframe.
Key Numbers
- $1.00 — Minimum Bid Price (The minimum price per share required by Nasdaq for continued listing.)
Key Players & Entities
- U-BX Technology Ltd. (company) — The company that received the notification from Nasdaq.
- Nasdaq Stock Market (company) — The stock exchange that issued the non-compliance letter.
- December 13, 2024 (date) — The date U-BX Technology Ltd. received the notification.
- June 10, 2025 (date) — The deadline for U-BX Technology Ltd. to regain compliance with Nasdaq's bid price rule.
- $1.00 (dollar_amount) — The minimum bid price per share required by Nasdaq.
FAQ
What specific requirement did U-BX Technology Ltd. fail to meet according to Nasdaq?
U-BX Technology Ltd. failed to meet the minimum bid price requirement of $1.00 per share for its ordinary shares.
When did U-BX Technology Ltd. receive the notification from Nasdaq?
The company received the letter from Nasdaq on December 13, 2024.
What is the deadline for U-BX Technology Ltd. to regain compliance with Nasdaq's bid price rule?
The company has a grace period until June 10, 2025, to regain compliance.
What is the consequence if U-BX Technology Ltd. does not regain compliance?
If the company does not regain compliance, its ordinary shares may be delisted from the Nasdaq Stock Market.
What is the address of U-BX Technology Ltd.'s principal executive office?
The principal executive office is located at Zhongguan Science and Technology Park, No. 1 Linkong Er Road, Shunyi District, Beijing, People's Republic of China.
Filing Stats: 240 words · 1 min read · ~1 pages · Grade level 11.9 · Accepted 2024-12-17 16:30:02
Key Financial Figures
- $1.00 — res had a closing bid price at or above $1.00 per share for 10 consecutive business d
Filing Documents
- ea0224945-6k_ubxtech.htm (6-K) — 9KB
- 0001213900-24-109787.txt ( ) — 10KB
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. U-BX Technology Ltd. Date: December 17, 2024 By: /s/ Jian Chen Name: Jian Chen Title: Chief Executive Officer and Director 2