Tokyo Japan, April 23, 2025 (GLOBE NEWSWIRE) -- Linkage Global Inc (the "Company" or "Linkage"), (NASDAQ:LGCB), a cross-border e-commerce integrated service company headquartered in Japan, today announced that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq"), confirming that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule") for continued listing on the Nasdaq Capital Market.
On October 31, 2024, the Company received a notice from Nasdaq, notifying the Company that based upon the closing bid price of the Class A ordinary shares of the Company for the last 30 consecutive business days, the Company no longer meets the Rule. Nasdaq provided the Company with an 180 calendar days compliance period, or until April 29, 2025, in which to regain compliance with the Rule. 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 business days.
Nasdaq determined that for the 10 consecutive business days between April 7, 2025 and April 22, 2025, the closing bid price of the Class A ordinary shares of the Company has been at US$1.00 per share or greater. Thus, the Company has regained compliance with the Rule, and the matter is now closed.