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Garden Stage Limited - Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

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Garden Stage Limited (NASDAQ: GSIW) has received a notification from Nasdaq on September 5, 2025, indicating non-compliance with the minimum bid price requirement. The company's shares have traded below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).

GSIW has been granted 180 calendar days until March 4, 2026, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least 10 consecutive business days. The company's shares will continue trading on Nasdaq under "GSIW" during this period. If compliance isn't achieved by the deadline, GSIW may be eligible for additional time if it meets other Nasdaq Capital Market listing requirements.

Garden Stage Limited (NASDAQ: GSIW) ha ricevuto una comunicazione da Nasdaq in data 5 settembre 2025 che segnala la non conformità al requisito del prezzo minimo di offerta. Le azioni della società sono state quotate sotto $1,00 per 30 giorni lavorativi consecutivi, violando la Regola di Listing Nasdaq 5550(a)(2).

GSIW ha tempo fino a 180 giorni di calendario, ossia fino al 4 marzo 2026, per tornare conforme mantenendo un prezzo di chiusura pari o superiore a $1,00 per almeno 10 giorni lavorativi consecutivi. Le azioni continueranno a essere negoziate su Nasdaq con il simbolo "GSIW" durante questo periodo. Se entro il termine la conformità non dovesse essere raggiunta, GSIW potrebbe ottenere ulteriore tempo se soddisfa gli altri requisiti di quotazione del Nasdaq Capital Market.

Garden Stage Limited (NASDAQ: GSIW) recibió una notificación de Nasdaq el 5 de septiembre de 2025 informando el incumplimiento del requisito de precio mínimo de oferta. Las acciones de la compañía cotizaron por debajo de $1.00 durante 30 días hábiles consecutivos, infringiendo la Norma de Listado Nasdaq 5550(a)(2).

GSIW dispone de 180 días calendario hasta el 4 de marzo de 2026 para recuperar la conformidad manteniendo un precio de cierre de $1.00 o más durante, al menos, 10 días hábiles consecutivos. Las acciones seguirán cotizando en Nasdaq bajo el símbolo "GSIW" durante este plazo. Si no se logra la conformidad antes de la fecha límite, GSIW podría ser elegible para tiempo adicional si cumple los demás requisitos de cotización del Nasdaq Capital Market.

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ҳµ� 2026� 3� 4일까지, � 180일의 유예 기간� 부여받� 적어� 연속 10 영업� 동안 종가가 $1.00 이상� 유지해야 규정� 회복� � 있습니다. � 기간 동안 회사 주식은 "GSIW"라는 티커� Nasdaq에서 계속 거래됩니�. 기한 내에 규정 준수가 이루어지지 않을 경우, ҳµ� Nasdaq Capital Market� 다른 상장 요건� 충족� 경우 추가 유예� 받을 자격� 있을 � 있습니다.

Garden Stage Limited (NASDAQ: GSIW) a reçu une notification de Nasdaq le 5 septembre 2025 indiquant un non-respect de l'exigence de prix minimum. Les actions de la société se sont échangées en dessous de $1,00 pendant 30 jours ouvrables consécutifs, contrevenant à la règle de cotation Nasdaq 5550(a)(2).

GSIW bénéficie d'un délai de 180 jours calendaires jusqu'au 4 mars 2026 pour se mettre en conformité en maintenant un cours de clôture d'au moins $1,00 pendant au moins 10 jours ouvrables consécutifs. Les actions continueront d'être négociées sur le Nasdaq sous le symbole "GSIW" pendant cette période. Si la conformité n'est pas atteinte avant la date limite, GSIW pourrait être éligible à un prolongement si elle satisfait aux autres exigences de cotation du Nasdaq Capital Market.

Garden Stage Limited (NASDAQ: GSIW) erhielt am 5. September 2025 eine Mitteilung von Nasdaq, dass die Mindestgebotspreis-Anforderung nicht erfüllt wird. Die Aktien des Unternehmens wurden 30 aufeinanderfolgende Börsentage lang unter $1,00 gehandelt und verstoßen damit gegen die Nasdaq-Listing-Regel 5550(a)(2).

GSIW wurde eine Frist von 180 Kalendertagen bis zum 4. März 2026 eingeräumt, um die Konformität wiederherzustellen, indem der Schlusskurs mindestens 10 aufeinanderfolgende Börsentage lang $1,00 oder höher beträgt. Während dieser Zeit werden die Aktien weiterhin unter dem Tickersymbol "GSIW" an der Nasdaq gehandelt. Sollte die Konformität bis zur Frist nicht erreicht werden, könnte GSIW zusätzliche Zeit erhalten, sofern andere Anforderungen des Nasdaq Capital Market erfüllt sind.

Positive
  • Trading continues uninterrupted on Nasdaq during compliance period
  • Company has 180 days to address the deficiency
  • Possibility for additional compliance time if other listing requirements are met
Negative
  • Stock price has remained below $1.00 for 30 consecutive business days
  • Risk of potential delisting if compliance is not achieved by March 4, 2026
  • Company needs to achieve significant stock price increase to maintain listing

Insights

Garden Stage received Nasdaq notice for sub-$1 share price; has until March 2026 to regain compliance or face potential delisting.

Garden Stage Limited has received a notification from Nasdaq regarding non-compliance with the exchange's minimum bid price requirement. The company's shares have traded below $1.00 for 30 consecutive business days, triggering a deficiency notice under Nasdaq Listing Rule 5550(a)(2).

The company now enters a 180-day compliance period ending March 4, 2026, during which its shares will continue trading uninterrupted under ticker GSIW. To regain compliance, Garden Stage's share price must close at $1.00 or higher for at least 10 consecutive business days before the deadline.

If Garden Stage fails to meet this requirement by March 2026, it may be eligible for a second compliance period if it meets all other Nasdaq Capital Market listing standards except the bid price requirement. This would require Garden Stage to formally notify Nasdaq of its intent to address the deficiency.

This type of notification is relatively common for small-cap companies facing share price pressure. The extended compliance timeframe gives Garden Stage multiple options, including a potential reverse stock split to artificially increase the share price if organic price appreciation doesn't materialize. While concerning, this notice represents an early regulatory warning rather than an immediate crisis for shareholders.

HONG KONG, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Garden Stage Limited (NASDAQ: GSIW) (“GSIW� or the “Company�), today announced that it received a delinquency notification letter (the “Notice�) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq�) on September 5, 2025 indicating that the Company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rules for continued listing on the Nasdaq Capital Market, as the closing bid price for the Company’s ordinary shares listed on the Nasdaq Capital Market was below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and 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. The Notice provides that the Company has a period of 180 calendar days from the date of the Notice, or until March 4, 2026, to regain compliance with the minimum bid price requirement.

The receipt of the Notice has no immediate effect on the Company’s business operations or the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on the Nasdaq under the ticker “GSIW.� Pursuant to the Notice, the Company has until March 4, 2026 to regain compliance with the minimum bid price requirement, during which time the Company’s ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before March 4, 2026, the bid price of the Company’s ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance to the Company.

In the event that the Company does not regain compliance by March 4, 2026, the Company may be eligible for additional time to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the deficiency during the second compliance period.

About Garden Stage Limited

GSIW, through our Operating Subsidiaries, are a Hong Kong-based financial services provider principally engaged in the provision of (i) placing and underwriting services; (ii) securities dealing and brokerage services; (iii) asset management services; and (iv) investment advisory services. Our operation is carried out through our wholly-owned Operating Subsidiaries: a) I Win Securities Limited, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management Limited, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong. I Win Securities Limited is the Stock Exchange Participant and holds one Stock Exchange Trading Right. I Win Securities Limited is a participant of the HKSCC.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in verbal statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

For more information, please contact:

Garden Stage Limited
Chan Sze Ho
Chief Executive Officer
Email:
Tel: (852) 2688 6333


FAQ

Why did GSIW receive a Nasdaq deficiency notice?

GSIW received the notice because its stock price traded below $1.00 for 30 consecutive business days, violating Nasdaq's minimum bid price requirement.

What happens if GSIW stock doesn't reach $1.00 by March 4, 2026?

If GSIW doesn't regain compliance by March 4, 2026, it may be eligible for additional time if it meets other Nasdaq Capital Market listing requirements, or face potential delisting.

How can GSIW regain Nasdaq compliance?

GSIW must maintain a closing bid price of $1.00 or higher for at least 10 consecutive business days before March 4, 2026.

Will GSIW stock continue trading on Nasdaq during the compliance period?

Yes, GSIW shares will continue trading uninterrupted on Nasdaq under the ticker 'GSIW' during the 180-day compliance period.

What is the deadline for GSIW to regain Nasdaq compliance?

GSIW has until March 4, 2026 to regain compliance with the minimum bid price requirement.
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