CL Workshop Group Limited (Nasdaq: CLWS) announced on May 9, 2026, that it received a deficiency notice from the Nasdaq Stock Market LLC on May 6, 2026, indicating that the company's American Depositary Shares (ADSs) failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2).
The notice does not result in immediate delisting. The company has a 180-day compliance period, until November 2, 2026, to regain compliance. During this period, the ADSs will continue to trade on The Nasdaq Capital Market under the symbol CLWS.
To regain compliance, the closing bid price of the ADSs must be at least $1.00 for a minimum of 10 consecutive business days. The company intends to monitor its bid price and consider available options, including a potential reverse stock split, subject to shareholder approval, to address the deficiency.
This announcement is based on a press release from CL Workshop Group Limited and public filings with the U.S. Securities and Exchange Commission. No additional details were available at the time of reporting.
