Wang & Lee Group Inc., a Hong Kong-based construction company, has received notifications from Nasdaq about the delisting of its securities due to non-compliance with the minimum bid price requirement. The company's shares have had a closing bid of $0.10 or less for the last ten consecutive trading days, raising public interest concerns following the issuance of convertible notes. On June 25, 2025, Nasdaq decided to delist the company's securities. Wang & Lee Group Inc. has filed a notice of appeal and requested a hearing before a Nasdaq Listing Qualifications Panel, which will delay the delisting process until a decision is made. The company is exploring options to regain compliance.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wang & Lee Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-017061), on June 30, 2025, and is solely responsible for the information contained therein.