Announcement • Jul 13
Lakeside Holding Limited Receives Second Notice of Non-Compliance with Nasdaq Minimum Bid Price Requirement As previously disclosed, on January 7, 2026, Lakeside Holding Limited received written notice from the Listing Qualifications Department (the Staff) of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that, the Company had failed to comply with the minimum bid price of $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the Bid Price Requirement), based on the closing bid price of the Company's common stock for the previous 30 consecutive business days from November 14 to January 6, 2026. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided with an initial period of 180 calendar days, or until July 7, 2026, to regain compliance with the Bid Price Requirement. On July 9, 2026, the Company received a second notice (the Second Notice) from Nasdaq indicating that, while the Company has not yet regained compliance with the Bid Price Requirement, the Staff has determined that the Company is eligible for an additional 180 calendar day period, or until January 4, 2027 (the Second Compliance Period), to regain compliance. According to the Second Notice, the Staff's determination was based on (i) the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, with the exception of the Bid Price Requirement, and (ii) the Company's written notice of its intention to cure the deficiency during the Second Compliance Period by effecting a reverse stock split, if necessary. If at any time during the Second Compliance Period, the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide the Company written confirmation of compliance. The Staff may, in its discretion, require the Company to maintain a bid price of at least $1.00 per share for a period in excess of 10 consecutive business days, but generally no more than 20 consecutive business days, before determining that the Company has demonstrated an ability to maintain long-term compliance. If the Company chooses to implement a reverse stock split, it must complete the split no later than 10 business days prior to the expiration of the Second Compliance Period. If compliance cannot be demonstrated by January 4, 2027, the Staff will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal the delisting determination to a Nasdaq Hearings Panel. There can be no assurance that the Company will regain compliance or otherwise maintain compliance with any of the other listing requirements. Nasdaq Notice has no immediate effect on the listing of the Company's Common Stock on the Capital Market. The Company intends to continue to monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement. Announcement • May 16
Lakeside Holding Limited announced delayed 10-Q filing On 05/15/2026, Lakeside Holding Limited announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Feb 18
Lakeside Holding Limited announced delayed 10-Q filing On 02/17/2026, Lakeside Holding Limited announced that they will be unable to file their next 10-Q by the deadline required by the SEC.