Primech Holdings regains compliance with Nasdaq’s minimum bid price requirement

Primech Holdings (PMEC) Limited announced that it has received notice from the Nasdaq Stock Market on May 13, 2025 informing the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Primech was previously notified by Nasdaq on May 14, 2024 that it was not in compliance with the minimum bid price rule because its ordinary share failed to meet the closing bid price of $1.00 or more for 30 consecutive business days. In order to regain compliance with the Rule, the company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on May 12, 2025, the tenth consecutive trading day when the closing bid price of the company’s ordinary share was over $1.00. Therefore, Nasdaq considers the prior bid price deficiency matter now closed. “We are pleased to have regained compliance with Nasdaq’s listing standards,” said Kin Wai Ho, CEO of Primech Holdings Limited.