Business Context and Reporting Period
This Form 6-K filing by Ten-League International Holdings Ltd (TLIH) covers the period ending March 16, 2026. The report addresses a critical regulatory matter regarding the Company's listing status on The Nasdaq Capital Market.
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 regulatory compliance and listing status rather than financial performance data.
Material Changes
- Nasdaq Delisting Notice: On March 10, 2026, the Company received a Staff Determination from Nasdaq notifying it of potential delisting for non-compliance with Listing Rule 5550(a)(2) (Minimum Bid Price Rule).
- Price Deficiency: The Company failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days. Since its IPO on July 8, 2025, the closing bid price traded above $1.00 for only 13 days.
- Grace Period Expiration: The Company did not regain compliance within the initial 180-day grace period (ending March 9, 2026) and is not eligible for a second grace period.
Outlook, Risks, and Management Commentary
- Hearing Request: The Company intends to timely request a hearing before an independent Hearings Panel. This request automatically stays any suspension or delisting action pending the Panel's decision.
- Trading Status: Securities will continue to trade normally on The Nasdaq Capital Market under the symbol "TLIH" pending the hearing outcome.
- Compliance Plan: The Company will submit a written plan of compliance to the Panel and request an exception to listing standards for a limited time.
- Risks: There is no assurance that the Panel will accept the compliance plan, grant an exception, or that the plan will be successful if implemented. The filing includes standard forward-looking statement disclaimers regarding market conditions and regulatory outcomes.
Investor Verification Checklist
- Verify the current trading price of TLIH relative to the $1.00 minimum bid price requirement.
- Monitor the status of the hearing request and the scheduled date for the Hearings Panel decision.
- Review the attached Press Release (Exhibit 99.1) for details on the specific compliance plan submitted to Nasdaq.
- Check for any subsequent filings regarding the Panel's decision or potential alternative listing venues.