CL Workshop gets Nasdaq notice after NWGL bid price stays below US$ 1

CL Workshop Group Limited Sponsored ADR

CL Workshop Group Limited Sponsored ADR

NWGL

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  • CL Workshop Group received a Nasdaq notice of noncompliance with Listing Rule 5550(a)(2) after its ADS closing bid price stayed below USD 1 for 30 consecutive business days from March 24, 2026 through May 5, 2026.
  • Nasdaq set a 180-day window to regain compliance by November 2, 2026; compliance requires a closing bid price of at least USD 1 for 10 consecutive business days.
  • Failure to cure by deadline could trigger a second 180-day grace period, contingent on meeting other Nasdaq Capital Market standards; potential remedies include a reverse share split or changing ratio of Class A ordinary shares to ADSs.
  • ADSs continue to trade on Nasdaq under ticker NWGL while deficiency process runs.


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. CL Workshop Group Ltd. 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: 0001493152-26-021864), on May 08, 2026, and is solely responsible for the information contained therein.