Business Context and Reporting Period
This Form 6-K filing by Li Bang International Corp Inc. (a Cayman Islands exempted company) covers the month of November 2025. The report addresses a regulatory notice received on November 7, 2025, regarding the company's continued listing status 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 is a notice of a listing deficiency and does not contain financial performance data.
Material Changes
The primary material change is the receipt of a deficiency letter from Nasdaq. The company's closing bid price has remained below the minimum $1.00 per share requirement for 31 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). There are no other reported deficiencies regarding the company's ongoing listing.
Outlook, Risks, and Management Commentary
- Compliance Period: The company has been granted 180 calendar days, until May 6, 2026, to regain compliance with the minimum bid price rule.
- Compliance Criteria: To regain compliance, the bid price must close at $1.00 per share or more for a minimum of 10 consecutive business days prior to the deadline.
- Delisting Risk: If compliance is not achieved by May 6, 2026, the company may face delisting unless it qualifies for a second 180-day compliance period. Qualification for the second period requires meeting the market value of publicly held shares and all other initial listing standards (excluding the bid price requirement).
- Management Action: Management intends to actively monitor the stock price and consider all available options to resolve the deficiency.
- Current Status: The deficiency letter has no immediate effect on trading; the stock continues to trade under the symbol "LBGJ."
Investor Verification Checklist
- Verify the current closing bid price of LBGJ to assess proximity to the $1.00 threshold.
- Monitor the company's stock price for 10 consecutive days of trading at or above $1.00 to confirm compliance.
- Review the attached press release (Exhibit 99.1) for any specific corporate actions (e.g., reverse stock splits) intended to address the price deficiency.
- Check future filings to confirm if the company meets the market value of publicly held shares requirement if a second compliance period is needed.