Business Context and Reporting Period
This Form 6-K filing by Baiya International Group Inc. is dated August 11, 2025, covering the month of August 2025. The registrant is a foreign private issuer headquartered in Shenzhen, China, with Class A ordinary shares listed on The Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on regulatory compliance matters regarding stock listing standards rather than financial performance.
Material Changes and Listing Deficiencies
- Bid Price Deficiency: On August 6, 2025, Nasdaq notified the company that the closing bid price for its Class A ordinary shares remained below the minimum $1.00 per share requirement for 30 consecutive business days.
- Market Value Deficiency: The company also received notification that its Market Value of Listed Securities (MVLS) was below the minimum $35 million requirement for 30 consecutive business days prior to August 6, 2025.
- Compliance Period: The company has been granted a 180-day compliance period ending February 2, 2026, to regain compliance for both deficiencies.
Outlook, Risks, and Management Commentary
Management intends to actively monitor the closing bid price and is evaluating available options to resolve the deficiencies. To regain compliance, the bid price must reach at least $1.00 for ten consecutive business days, and the MVLS must close at or above $35 million for ten consecutive business days during the compliance period.
Risks and Contingencies:
- If compliance is not regained by February 2, 2026, the shares may be subject to delisting.
- The company may be eligible for an additional 180-day period at Nasdaq's discretion if it meets other listing standards, but there is no assurance of regaining or maintaining compliance.
- Delisting would require an appeal to a hearings panel if the initial determination is made.
Investor Verification Checklist
- Verify the current closing bid price of Class A ordinary shares to assess progress toward the $1.00 threshold.
- Monitor the Market Value of Listed Securities (MVLS) to ensure it approaches the $35 million requirement.
- Review subsequent filings for any announced corporate actions (e.g., reverse stock splits) intended to address the bid price deficiency.
- Confirm the company's status regarding the February 2, 2026, compliance deadline.