- Springview Holdings (SPHL, Financial) has received a Nasdaq notification for non-compliance with the minimum bid price requirement.
- The company has until October 22, 2025, to regain compliance by maintaining a share price of $1.00 or more for 10 consecutive days.
- Springview Holdings continues trading on Nasdaq under the ticker "SPHL" with potential consideration of a reverse stock split.
Springview Holdings Ltd (Nasdaq: SPHL), a Singapore-based construction company, has been notified by Nasdaq of its non-compliance with the minimum bid price requirement. The company's shares traded below $1.00 for 30 consecutive business days between March 13 and April 24, 2025. As a result, Springview Holdings enters a structured compliance process to address this issue.
The construction company, which designs and builds residential and commercial buildings, now has until October 22, 2025, to meet the compliance requirement by ensuring its share price remains at or above $1.00 for at least 10 consecutive business days. Should the company fail to meet this deadline, it may qualify for an additional 180-day extension if it complies with other Nasdaq Capital Market listing criteria.
Throughout this compliance period, Springview Holdings will continue to trade under the ticker "SPHL" without interruption. Management is actively evaluating strategies to comply with the Nasdaq requirements, including a potential reverse stock split, which could be employed to boost the share price mechanically without altering the overall company valuation.
Since its establishment in 2002, Springview Holdings has built a reputation in the Singapore construction sector, and maintaining its Nasdaq listing is critical for accessing US capital markets and trading liquidity. The notification from Nasdaq does not currently affect the company's operations but highlights the urgency for corrective measures to ensure continued compliance and avoid potential delisting.
