#NASDAQ #SU Group #Delisting

SU Group Holdings Limited Faces Delisting Notification from NASDAQ

SU Group Holdings Limited (Nasdaq: SUGP), a Hong Kong-based integrated security services provider, announced on August 3, 2026, that it has received a notification from NASDAQ regarding the potential delisting of its shares. This communication comes after the company's Class A ordinary shares were reported to have a closing bid price below the required $1.00 per share for 30 consecutive business days, from June 18 to July 31, 2026.

The situation arose due to the company's share performance, which did not meet NASDAQ's minimum bid price requirement as articulated in Listing Rule 5550(a)(2). Unfortunately for SU Group, the recent one-for-ten reverse stock split, which occurred on August 25, 2025, rendered the company ineligible for the usual compliance grace period typically granted under NASDAQ's deficiency framework. As a result, the listing qualifications department notified the company of the impending delisting unless a timely hearing is requested.

In response to the determinations, SU Group intends to appeal and will submit a request for a hearing before a NASDAQ Hearings Panel. According to NASDAQ Listing Rule 5815(a), this request will temporarily halt the suspension of trading for the company's shares while the hearing process unfolds. Thus, the shares will continue trading on NASDAQ under the symbol