SU Group receives non-compliance notice from Nasdaq

SU Group (SUGP) received a letter from Nasdaq notifying the company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a) because the closing bid price of the company’s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. The notification has no immediate effect on the listing of the company’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “SUGP.” The company has a compliance period of 180 calendar days, or until September 16, 2025, to regain compliance with Nasdaq’s minimum bid price requirement. If the company does not regain compliance with the minimum bid price requirement within the Compliance Period, the Company may be eligible for additional time, assume the absence of other deficiencies. The company intends to monitor the closing bid price of its ordinary shares and will, if appropriate, consider implementing available options.