Santech Holdings (STEC) has released an update.
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Santech Holdings Limited has been granted an additional 180 days by Nasdaq to meet its minimum bid price requirement, extending their deadline to May 26, 2025. The company plans to address this issue by potentially executing a reverse stock split while it continues to explore new ventures in technology sectors such as new retail and the metaverse. This extension allows Santech to remain listed on the Nasdaq Capital Market as it works towards compliance.
For further insights into STEC stock, check out TipRanks’ Stock Analysis page.