HONG KONG, Sept. 12, 2025 — Creative Global Technology Holdings Limited (“CGT Holdings”, the “Company”) (NASDAQ: CGTL), a Hong Kong-based entity specializing in sourcing and reselling recycled consumer electronic devices, today announced the receipt of a notification letter (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on September 10, 2025. This letter informed the Company of its non-compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price. The deficiency stems from the fact that the closing bid price for the Company’s Class A ordinary shares, with no par value (“Ordinary Shares”), remained below $1.00 per share for 30 consecutive business days, spanning from July 28, 2025, to September 9, 2025.
This press release fulfills the requirement for prompt disclosure of a deficiency notification, as per Nasdaq Listing Rule 5810(b). The Notification Letter does not immediately impact the listing of the Company’s Ordinary Shares, which will continue to trade without interruption on Nasdaq under the ticker “CGTL”.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a 180-calendar-day period, extending until March 9, 2026 (the “Compliance Period”), to rectify its non-compliance with Nasdaq’s minimum bid price requirement. Should the closing bid price of the Company’s Ordinary Shares reach at least $1.00 for a minimum of 10 consecutive business days at any point during this Compliance Period, Nasdaq will issue a written confirmation of compliance, thereby closing the matter.
Should the Company fail to regain compliance with the minimum bid price requirement by March 9, 2026, it may be eligible for an additional grace period. To qualify, the Company must satisfy the continued listing criteria for the market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, excluding the bid price requirement. Additionally, it will need to submit a written declaration of its intent to resolve the deficiency during the second compliance period, potentially through actions such as a reverse stock split, if deemed necessary.
About Creative Global Technology Holdings Limited
Creative Global Technology Holdings Limited operates its business through CGTHK, a Hong Kong-based company that sources and resells recycled consumer electronic devices. The Company integrates the circular economy concept throughout its entire business operations. For additional details, please visit the Company’s website at
Forward-Looking Statements
This press release includes forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including those concerning the Company’s beliefs and expectations, constitute forward-looking statements. Such statements inherently involve risks and uncertainties, and various factors could lead to actual results differing materially from those expressed in any forward-looking statement. In some instances, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. The Company may also issue written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to, the Company’s objectives and strategies; its future business development; financial condition and operational results; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; technological changes; government regulations; fluctuations in general economic and business conditions in the U.S., Hong Kong, and China; and assumptions underlying or related to any of the foregoing, as well as other risks detailed in reports filed by the Company with the SEC. For these and other reasons, investors are cautioned not to place undue reliance on any forward-looking statements in this press release. Additional factors are discussed in the Company’s SEC filings, which are available for review at . The Company assumes no obligation to publicly revise these forward-looking statements to reflect events or circumstances arising after the date hereof.
For more information, please contact:
Creative Global Technology Holdings Limited
Investor Relations
Tel: +852 26909121
Email:
