---
title: "GrowHub Wins Conditional Nasdaq Reprieve as EnChem Merger Drives Change-of-Control Strategy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294720901.md"
description: "GrowHub Limited received a conditional Nasdaq reprieve from delisting after its shares traded below $1.00 and equity fell short of thresholds. The company plans to merge with EnChem America, granting shareholders 85% of the new entity and triggering a change of control. GrowHub must meet initial listing standards by December 2, 2026, to maintain its Nasdaq status, though management warns that closing the merger and achieving compliance are not assured."
datetime: "2026-08-03T16:36:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294720901.md)
  - [en](https://longbridge.com/en/news/294720901.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294720901.md)
generator: "portal-rs"
---

# GrowHub Wins Conditional Nasdaq Reprieve as EnChem Merger Drives Change-of-Control Strategy

GrowHub Limited Class A ( (TGHL) ) has issued an announcement.

The GrowHub Limited has been under Nasdaq scrutiny since late 2025 after its Class A shares traded below the $1.00 minimum bid price and its reported stockholders’ equity of about $2.3 million fell short of the $2.5 million threshold for continued listing. Nasdaq staff issued a delisting determination on June 5, 2026, but, following a July 16 hearing, a Nasdaq Hearings Panel granted the company an exception on July 29, allowing it to remain listed if it meets the exchange’s initial listing standards by December 2, 2026.

Central to GrowHub’s compliance plan is a July 14, 2026 merger agreement under which a newly formed Georgia subsidiary will merge with EnChem America, making the U.S. business a wholly owned subsidiary and giving EnChem’s shareholders 85% of GrowHub’s fully diluted shares, a shift that triggers change-of-control treatment under Nasdaq rules. The panel’s exception is conditional and subject to ongoing review, and management cautions that closing the merger and regaining full compliance by December 2, 2026 are not assured, leaving investors exposed to execution risk and potential delisting if the plan falters.

**More about GrowHub Limited Class A**

The GrowHub Limited is a foreign private issuer listed on the Nasdaq Capital Market through its Class A ordinary shares. The Singapore-based company is pursuing a transformative merger with EnChem America, Inc., a privately held Georgia corporation wholly owned by South Korea’s EnChem Co., Ltd., which would leave the target’s shareholders with 85% of the fully diluted equity and constitute a change in control requiring compliance with Nasdaq’s initial listing standards.

**Average Trading Volume:** 7,486,361

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** $28.59M

For a thorough assessment of TGHL stock, go to TipRanks’ Stock Analysis page.

### Related Stocks

- [TGHL.US](https://longbridge.com/en/quote/TGHL.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**