Intercont (Cayman) Limited notified by Nasdaq for failing to meet minimum bid price rule due to shares below $1 for 30 days.
In Hong Kong today, Intercont (Cayman) Limited, a NASDAQ-listed global carbon-neutral shipping company, disclosed receiving a notification letter from Nasdaq on December 15, 2025. The letter stated non-compliance with the minimum bid price requirement, as the closing bid price of the company's Ordinary Shares fell below $1.00 per share for 30 consecutive business days from October 31, 2025, to December 12, 2025.
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