The Staff Determination from Nasdaq’s Listing Qualifications Department arrived on August 3, 2026, citing a failure to meet the minimum bid price requirement between June 18 and July 31. Because the company previously executed a one-for-ten reverse stock split in August 2025, it is ineligible for standard grace periods, forcing an immediate appeal process.
SU Group Holdings Faces Nasdaq Delisting After Failing Price Rules
Hong Kong-based security firm SU Group Holdings Limited has received a formal delisting notice from Nasdaq after its Class A ordinary shares traded below the mandatory $1.00 threshold for 30 consecutive business days. The company now faces a potential removal from the exchange unless it successfully challenges the decision.
Management intends to request a hearing before the Nasdaq Hearings Panel, a move that will temporarily freeze the delisting process and keep the stock, ticker SUGP, trading on the exchange. To address the underlying valuation issue, the company has finalized a new one-for-five share consolidation set for August 6, 2026. Executives hope this maneuver will lift the share price above the $1.00 floor, potentially rendering the formal hearing unnecessary. However, no guarantees exist that this strategy will satisfy Nasdaq’s long-term listing requirements or prevent future volatility.
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