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Qilian International Holding Group Limited ( (BGM) ) has provided an announcement.
On April 24, 2026, BGM Group Ltd received a notice from Nasdaq that its Class A ordinary shares had traded below the $1.00 minimum bid price for 30 consecutive business days, placing the company out of compliance with Nasdaq’s listing standards. The letter does not immediately affect trading, but it starts a 180-day compliance period running to October 21, 2026, during which the company must lift its share price to at least $1.00 for 10 straight business days.
If BGM fails to regain compliance by October 21, 2026, it could receive an additional 180 days provided it meets other Nasdaq Capital Market criteria and formally commits to curing the deficiency. Failure to resolve the issue by the end of the applicable compliance period could result in delisting of its Class A shares, and the company is monitoring its stock and considering options such as a potential reverse stock split to restore compliance.
More about Qilian International Holding Group Limited
BGM Group Ltd is a foreign private issuer listed on the Nasdaq Capital Market, with its principal executive offices in Chengdu, in China’s Sichuan province. The company’s filing status under Form 20-F indicates it is a non-U.S. issuer subject to U.S. securities regulations, though the specific industry and core business activities are not detailed in the latest notice.
Average Trading Volume: 266,654
Technical Sentiment Signal: Sell
Current Market Cap: $55.19M
For detailed information about BGM stock, go to TipRanks’ Stock Analysis page.