Business Context and Reporting Period
This Form 6-K filing by Ten-League International Holdings Ltd covers the month of September 2025, with the report dated September 12, 2025. The filing addresses a regulatory notice received from The Nasdaq Stock Market LLC regarding the Company's compliance with continued 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 the Company's stock price performance relative to Nasdaq listing requirements.
Material Changes
The primary material event is the receipt of a deficiency letter from Nasdaq on September 9, 2025. The Company failed to maintain the minimum bid price of $1.00 per share for its Ordinary Shares over the 30 consecutive business days between July 25, 2025, and September 8, 2025. This non-compliance triggers a potential delisting risk if not remedied.
Guidance, Outlook, and Risks
- Compliance Period: The Company has been granted an initial 180-day compliance period ending March 9, 2026, to regain compliance with the Minimum Bid Price Requirement.
- Remediation Options: Compliance can be achieved if the closing bid price reaches or exceeds $1.00 per share for 10 consecutive business days. Alternatively, the Company may implement a reverse stock split, which must be completed no later than ten business days prior to March 9, 2026.
- Secondary Compliance: If the initial period is unsuccessful, the Company may be eligible for an additional 180-day period if it meets other listing standards (excluding bid price) and intends to cure the deficiency, potentially via a reverse stock split.
- Risks: There is no assurance the Company will regain compliance, secure a second period, or avoid delisting. The filing explicitly states that failure to cure the deficiency could result in the delisting of the Company's securities.
Investor Verification Checklist
- Verify the current closing bid price of Ten-League International Holdings Ltd Ordinary Shares to assess proximity to the $1.00 threshold.
- Monitor for any announcements regarding a reverse stock split before the March 9, 2026 deadline.
- Review the attached press release (Exhibit 99.1) for any additional management commentary not included in the Form 6-K text.
- Confirm whether the Company meets other Nasdaq Capital Market initial listing standards, which are required to qualify for a second compliance period.