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WORK Medical Technology Group LTD ( (WOK) ) has shared an update.
On April 11, 2025, WORK Medical Technology Group LTD announced that it received a notification from Nasdaq on April 7, 2025, regarding non-compliance with the minimum bid price requirement for continued listing. The company’s Class A ordinary shares did not meet the minimum bid price of US$1.00 for 30 consecutive business days. Although this notification does not immediately affect the company’s listing, WORK Medical has until October 6, 2025, to regain compliance, potentially through measures like a reverse share split. The company’s operations remain unaffected, and it plans to monitor the situation closely.
More about WORK Medical Technology Group LTD
WORK Medical Technology Group LTD is a supplier of medical devices, operating through its subsidiary, Work (Hangzhou) Medical Treatment Equipment Co., Ltd., and its subsidiaries in China. The company develops and manufactures Class I and II medical devices and sells Class I and II disposable medical devices. It has a diverse product portfolio of 21 products, including customized and multifunctional masks and other medical consumables, sold across 34 provincial-level administrative regions in China and in more than 30 countries worldwide. The company has registered 17 products with the U.S. Food and Drug Administration, allowing them to enter the U.S. market.
YTD Price Performance: -91.91%
Average Trading Volume: 2,200,703
Technical Sentiment Signal: Strong Buy
Learn more about WOK stock on TipRanks’ Stock Analysis page.