Business Context and Reporting Period
Company: Fitness Champs Holdings Limited
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: November 10, 2025
Context: The filing discloses the receipt of a Nasdaq Minimum Bid Price Deficiency Letter dated November 6, 2025.
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 regulatory compliance regarding stock listing standards.
Material Changes
Listing Status Deficiency: The Company no longer meets the Nasdaq continued listing requirement under Rule 5550(a)(2) to maintain a minimum bid price of $1.00 per share. This determination was based on the closing bid price from September 24, 2025, to November 5, 2025.
Outlook, Risks, and Management Commentary
- Compliance Period: Nasdaq has granted a 180-calendar day compliance period ending May 5, 2026, to regain compliance.
- Remediation Options: The Company is evaluating options to regain compliance, which may include effecting a reverse stock split if necessary.
- Secondary Compliance Period: If the Company fails to regain compliance initially but meets other listing standards (excluding bid price), it may be eligible for an additional 180-day period.
- Risk of Delisting: If the Company cannot cure the deficiency or is ineligible for an extension, Nasdaq will provide notice that the securities will be subject to delisting.
- Management Stance: Management intends to use all reasonable efforts to achieve compliance but notes there can be no assurance of success.
Investor Verification Checklist
- Verify the current trading price and volume of the Company's stock to assess the severity of the bid price deficiency.
- Monitor for announcements regarding a potential reverse stock split or other capital structure changes.
- Review the press release filed as Exhibit 99.1 for additional details on the deficiency.
- Track the Company's progress toward the May 5, 2026, compliance deadline.