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News  ›  GlobeNewswire Inc.

Republic Power Group Limited Announces Receipt of a Bid Deficiency Notice from Nasdaq

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Republic Power Group Limited Announces Receipt of a Bid Deficiency Notice from Nasdaq

Republic Power Group Limited (NASDAQ: RPGL) received a notification from NASDAQ on January 5, 2026, that its Class A ordinary shares have traded below the $1.00 minimum bid price for 30 consecutive business days. The company has until July 6, 2026 to regain compliance, with a potential additional 180-day grace period if certain conditions are met. The notification has no immediate effect on the company's listing.

Insights
RPGL   negative

The company has failed to meet NASDAQ's minimum bid price requirement of $1.00 per share for 30 consecutive business days, triggering a delisting notice. While there is a 180-day cure period, this indicates significant financial distress and stock price deterioration, posing a material risk to shareholders and the company's continued public listing status.