Global Engine receives Nasdaq minimum bid price deficiency notice

Global Engine (GLE) Group announced that it has received a notice from The Nasdaq Stock Market LLC, dated October 27, 2025, stating that the company is not in compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based upon the closing bid price of the company’s Class A ordinary shares for the last 30 consecutive business days, the company no longer satisfies this requirement. The Notice indicated that the company has 180 calendar days, or until April 27, 2026, to regain compliance with the Minimum Bid Price Rule. To regain compliance with the Minimum Bid Price Rule, the closing bid price of the company’s Shares must be at least $1.00 per share for a minimum of 10 consecutive business days at any time prior to the expiration of the Compliance Period. The Notice has no immediate effect on the listing of the company’s Shares, which will continue to trade on the Nasdaq Capital Market under the symbol “GLE.”