Business Context and Reporting Period
Park Ha Biological Technology Co., Ltd. filed Form 6-K on September 5, 2025, regarding events occurring in September 2025. The company is a foreign private issuer headquartered in Wuxi, Jiangsu Province, China, with securities listed 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 report focuses exclusively on regulatory compliance status regarding stock listing requirements.
Material Changes and Regulatory Deficiencies
- Minimum Bid Price Deficiency: On September 2, 2025, the company received notice from Nasdaq that its closing bid price was below $1.00 per share for 30 consecutive business days, violating Listing Rule 5550(a)(2).
- Market Value of Listed Securities (MVLS) Deficiency: On the same date, the company received notice that its MVLS was below the required $35 million minimum for 30 consecutive business days, violating Listing Rule 5550(b)(2).
- Current Status: These notifications are deficiencies only and do not result in immediate delisting. Trading continues on the Nasdaq Capital Market.
Outlook, Compliance Plan, and Risks
The company has a 180-calendar-day compliance period ending March 2, 2026, to regain compliance for both deficiencies.
- Compliance Requirements: To cure the bid price deficiency, the share price must close at or above $1.00 for 10 consecutive trading days. To cure the MVLS deficiency, the MVLS must close at or above $35 million for 10 consecutive trading days.
- Contingency Plans: If the company fails to regain compliance by March 2, 2026, it may be eligible for an additional 180-day period if it meets other listing standards and effects a reverse stock split.
- Risks: The company explicitly states there is no assurance it will regain compliance. Failure to do so could result in delisting from Nasdaq.
Investor Verification Checklist
- Verify the current closing bid price of the company's ordinary shares to assess proximity to the $1.00 threshold.
- Calculate the current Market Value of Listed Securities (MVLS) to determine if it exceeds the $35 million requirement.
- Monitor official Nasdaq communications for updates on the compliance status before the March 2, 2026 deadline.
- Review future filings for announcements regarding potential reverse stock splits or other capital structure changes intended to cure deficiencies.