Business Context and Reporting Period
Company: New Century Logistics (BVI) Limited
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: August 12, 2025
Context: Notification regarding a deficiency in meeting Nasdaq listing standards.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on stock price compliance.
Material Changes
- Stock Price Deficiency: The Company received notice from Nasdaq that its ordinary shares closed below $1.00 per share for 30 consecutive business days ending August 11, 2025.
- Compliance Status: The Company is currently non-compliant with Nasdaq Rule 5550(a)(2) (Minimum Bid Price Requirement).
Guidance, Outlook, and Risks
- Compliance Period: The Company has 180 calendar days (until February 9, 2026) to regain compliance.
- Remediation Criteria: To cure the deficiency, the closing bid price must be at least $1.00 per share for 10 consecutive business days within the compliance period.
- Proposed Actions: Management is evaluating options, including a reverse stock split, though no assurance of success is provided.
- Delisting Risk: Failure to regain compliance by the end of the period (or any extended period) will result in delisting.
- Forward-Looking Statements: The Company disclaims any obligation to update statements regarding its ability to regain compliance.
Investor Verification Checklist
- Verify the current closing bid price of the Company's ordinary shares.
- Monitor announcements regarding the potential execution of a reverse stock split.
- Review the Company's Annual Report on Form 20-F for the fiscal year ended September 30, 2024, for broader financial context.
- Track the Company's status relative to the February 9, 2026, compliance deadline.