Business Context and Reporting Period
This Form 6-K filing by CLPS Inc. (CLPS Incorporation) covers the month of May 2026. The report addresses a regulatory notification received from The Nasdaq Stock Market regarding the Company's compliance with 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 performance relative to listing requirements.
Material Changes
On May 27, 2026, CLPS Inc. received a notification from Nasdaq stating that the Company no longer meets the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5450(a)(1). This deficiency was based on the closing bid price observed from April 14, 2026, to May 26, 2026. The shares continue to trade under the symbol "CLPS" without immediate delisting.
Outlook, Risks, and Contingencies
- Compliance Period: The Company has 180 calendar days, until November 23, 2026, to regain compliance.
- Compliance Criteria: To resolve the deficiency, the closing bid price must be at least $1.00 for a minimum of 10 consecutive business days during the compliance period.
- Grace Period Option: If compliance is not achieved by November 23, 2026, the Company may be eligible for an additional 180-day grace period. This requires submitting a non-refundable $5,000 application fee and meeting all initial listing standards for the Nasdaq Global Market (except the bid price requirement).
- Remedial Actions: The Company may need to effect a reverse stock split to cure the deficiency during the second compliance period.
Investor Verification Checklist
- Verify the current closing bid price of CLPS shares to assess the likelihood of meeting the $1.00 threshold within the 180-day window.
- Monitor for any press releases or filings regarding a potential reverse stock split.
- Review the attached Exhibit 99.1 (Press Release) for additional management commentary on the deficiency.
- Confirm whether the Company intends to pursue the additional grace period if the initial compliance deadline is missed.