Delixy Holdings Limited Nasdaq Minimum Bid Price Deficiency Notification

Delixy Holdings Limited received a notification from the Nasdaq Stock Market on April 23, 2026, stating that the company is not in compliance with the minimum bid price requirement of $1.00 per share. This deficiency has persisted for 30 consecutive business days, from March 11, 2026, to April 22, 2026. The company has been granted a 180-day compliance period, until October 20, 2026, to regain compliance. To do so, Delixy must ensure its Class A ordinary shares have a closing bid price of at least $1.00 for ten consecutive business days. Failure to comply may result in delisting, though the company may be eligible for an extended period if it meets other listing requirements. Delixy is considering options, including a reverse stock split, to address the deficiency. The notification does not immediately affect the company's listing or business operations. A press release regarding this notification was issued on April 29, 2026.