Lucas GC regains compliance with Nasdaq minimum bid price rule

Lucas GC (LGCL) has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market dated July 21, 2025, informing the Company that it has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2). As previously announced, the Company was notified by Nasdaq on January 15, 2025 that the Company’s ordinary shares failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days. According to the Compliance Notice, the Company regained compliance with the Minimum Bid Price Requirement because the closing bid price of the Company’s ordinary shares has been at $1.00 per share or greater for 20 consecutive business days, from June 20, 2025 to July 18, 2025, and the matter is now closed.