Intelligent Group Ltd Faces Nasdaq Bid Price Non-Compliance
Ticker: INTJ · Form: 6-K · Filed: Sep 29, 2025 · CIK: 1916416
Sentiment: bearish
Topics: listing-compliance, delisting-risk, nasdaq
TL;DR
Nasdaq says Intelligent Group's stock price is too low, risking delisting.
AI Summary
Intelligent Group Limited received a non-compliance letter from Nasdaq on September 23, 2025, stating it no longer meets the minimum bid price requirement of $1.00 per share. This determination was based on the closing bid price of the Company's ordinary shares for the period from August 11, 2025, to September 22, 2025.
Why It Matters
Failure to regain compliance with Nasdaq's minimum bid price rule 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 regain compliance with the minimum bid price requirement.
Key Numbers
- $1.00 — Minimum Bid Price (The minimum closing bid price required by Nasdaq for continued listing.)
Key Players & Entities
- Intelligent Group Limited (company) — The company receiving the Nasdaq letter.
- Nasdaq (company) — The stock exchange that issued the non-compliance letter.
- September 23, 2025 (date) — Date the company received the Nasdaq letter.
- August 11, 2025 (date) — Start date of the period used to assess bid price compliance.
- September 22, 2025 (date) — End date of the period used to assess bid price compliance.
FAQ
What is the specific period during which Intelligent Group Limited's closing bid price was evaluated?
The closing bid price was evaluated for the period from August 11, 2025, to September 22, 2025.
What is the minimum bid price requirement for Nasdaq listing?
The minimum bid price requirement is $1.00 per share.
When did Intelligent Group Limited receive the non-compliance letter from Nasdaq?
The company received the letter on September 23, 2025.
What is the consequence of not meeting the minimum bid price requirement?
Failure to meet the minimum bid price requirement can lead to delisting from The Nasdaq Stock Market.
What type of filing is this report?
This is a Form 6-K, Report of Foreign Private Issuer.
Filing Stats: 455 words · 2 min read · ~2 pages · Grade level 16.1 · Accepted 2025-09-26 20:30:39
Key Financial Figures
- $1 — (2), to maintain a minimum bid price of $1 per share. Pursuant to Nasdaq Listing
- $1.00 — o;s Class A ordinary shares is at least $1.00 for a minimum of ten (10) consecutive b
Filing Documents
- ea0258749-6k_intell.htm (6-K) — 11KB
- ea025874901ex99-1_intell.htm (EX-99.1) — 6KB
- 0001213900-25-092554.txt ( ) — 18KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2025 Commission File Number: 001-41974 Intelligent Group Limited Unit 1203C, Level 12, Admiralty Centre, Tower 1, 18 Harcourt Road, Admiralty, Hong Kong (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K Nasdaq Letter On September 23, 2025, Intelligent Group Limited (the “Company”) received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that based on the closing bid price of the Company for the period from August 11, 2025 to September 22, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until March 23, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s Class A ordinary shares is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and this matter will be closed. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Attached as Exhibit 99.1 to this Report on Form 6-K is a copy of the press release of the Company, dated September 26, 2025. Exhibit Index Exhibit No. Description 99.1 Press Release 1 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. INTELLIGENT GROUP LIMITED By: /s/ Wai Lau Name: Wai Lau Title: Director, Chief Executive Officer, and Chairlady of the Board Date: September 26, 2025 2