#Hong Kong #Nasdaq Delisting #GIBO Holdings #AIGC Animation

GIBO Holdings Limited Faces Nasdaq Delisting Notice

On August 6, 2025, GIBO Holdings Limited, an innovative player in the AIGC animation streaming platform sector, disclosed some unsettling news regarding its status on the Nasdaq Stock Market. The company received a notification from Nasdaq indicating that it does not comply with Listing Rule 5810(c)(3)(A)(iii), commonly referred to as the "Low Priced Stocks Rule." This is due to the company's shares closing at a bid price of $0.10 or less for ten consecutive trading days, leading to a decision to delist its shares from The Nasdaq Global Market.

The letter further elaborated that GIBO's Class A ordinary shares had also closed below $1 for 30 consecutive business days, which breaches Listing Rule 5450(a)(1). Normally, companies receive a grace period of 180 calendar days to comply with the listing rules, but due to the current situation with the low-priced stock, the issue is more urgent.

Nasdaq highlighted that GIBO must act quickly, as the company's deadline to appeal this delisting is August 11, 2025. If GIBO fails to file a request for an appeal by that date, trading of the company’s securities will be suspended at the start of business on August 13, 2025. The Nasdaq would then file a Form 25-NSE with the SEC, which would formally remove GIBO’s securities from listing and registration on the Nasdaq.

In light of these challenges, GIBO Holdings appears determined to confront the situation head-on. The company plans to submit an appeal to the Hearings Panel—an action that will temporarily prevent the suspension of trading and the filing of Form 25-NSE. GIBO is actively considering various options to regain compliance with the Nasdaq's regulations. Among these, the leadership is exploring the possibility of a reverse stock split, which could potentially elevate the share price above the critical $1 mark.

GIBO Holdings, with its impressive roster of approximately 86 million registered users, is known for its unique integrated AIGC animation streaming platform. It serves a vibrant community of youths across Asia, allowing them to create, publish, and enjoy AI-generated animation content. With a focus on leveraging advanced AI technology for content creation, the company aims not just to retain its current user base, but to expand its reach and revolutionize animation consumption in the digital age.

The press release also included forward-looking statements, cautioning that these predictions are based on the company’s current expectations and involve various risks and uncertainties. GIBO maintains that its forward-looking statements signify its commitment to growth, although actual performance may vary significantly from these projections.

As GIBO Holdings navigates this precarious situation with Nasdaq, the outcome remains uncertain. The more detailed groundwork for compliance lays ahead, and the company’s strategic responses in the coming days could be pivotal for its listing status and future endeavors. GIBO's focus on innovation through AI positions it uniquely within the entertainment sector, making this appeal and its subsequent results critical not just for its trading status but for its brand integrity and customer trust.