Greenpro Capital Faces Nasdaq Delisting Warning

Ticker: GRNQ · Form: 8-K · Filed: 2024-09-20T00:00:00.000Z

Sentiment: bearish

Topics: delisting-warning, compliance, nasdaq

Related Tickers: GNPR

TL;DR

Nasdaq says GNPR stock needs to hit $1 or it's getting booted!

AI Summary

Greenpro Capital Corp. announced on September 20, 2024, that it received a notice from the Nasdaq Stock Market on September 16, 2024, indicating non-compliance with the minimum bid price requirement for continued listing. The company has 180 calendar days, until March 15, 2025, to regain compliance by achieving a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.

Why It Matters

This delisting warning could significantly impact Greenpro Capital's stock liquidity and investor confidence, potentially leading to a substantial drop in share price if compliance is not achieved.

Risk Assessment

Risk Level: high — The company is at high risk of delisting from Nasdaq due to failure to meet the minimum bid price requirement, which could severely impact its market presence and investor base.

Key Numbers

$1.00 — Minimum Bid Price (Required to regain Nasdaq listing compliance)
180 days — Compliance Period (Timeframe to meet bid price requirement)
March 15, 2025 — Compliance Deadline (End date for achieving minimum bid price)

Key Players & Entities

Greenpro Capital Corp. (company) — Registrant
Nasdaq Stock Market (company) — Listing Exchange
September 20, 2024 (date) — Report Date
September 16, 2024 (date) — Notice Date
March 15, 2025 (date) — Compliance Deadline
$1.00 (dollar_amount) — Minimum Bid Price Requirement

FAQ

What specific rule did Greenpro Capital Corp. violate to receive the Nasdaq notice?

Greenpro Capital Corp. received the notice for failing to comply with Nasdaq's minimum bid price requirement for continued listing, as per the filing.

What is the deadline for Greenpro Capital Corp. to regain compliance with Nasdaq's listing rules?

The company has until March 15, 2025, to regain compliance with the minimum bid price requirement.

What is the minimum closing bid price Greenpro Capital Corp. must achieve?

Greenpro Capital Corp. must achieve a minimum closing bid price of $1.00 per share.

For how many consecutive business days must the minimum bid price be maintained?

The minimum closing bid price of $1.00 must be maintained for at least 10 consecutive business days.

What is the company's ticker symbol?

While not explicitly stated in the provided text, the context implies a Nasdaq-listed company, and a common ticker for Greenpro Capital Corp. is GNPR.

Filing Stats: 691 words · 3 min read · ~2 pages · Grade level 12.6 · Accepted 2024-09-20 06:15:23

Key Financial Figures

$0.0001 — ch registered Common Stock, par value $0.0001 GRNQ NASDAQ Capital Market Indic
$1.00 — Company's common stock has fallen below $1.00 per share for 30 consecutive business d

Filing Documents

form8-k.htm (8-K) — 38KB
0001493152-24-037237.txt ( ) — 210KB
grnq-20240920.xsd (EX-101.SCH) — 3KB
grnq-20240920_lab.xml (EX-101.LAB) — 33KB
grnq-20240920_pre.xml (EX-101.PRE) — 24KB
form8-k_htm.xml (XML) — 4KB

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. GREENPRO CAPITAL CORP. (Name of Registrant) Date: September 20, 2024 By: /s/ Lee Chong Kuang Name: Lee Chong Kuang Title: Chief Executive Officer, President, Director (Principal Executive Officer)