NEW YORK, May 21, 2026, 07:15 (EDT)
- TGHL last changed hands at $0.325 ahead of the U.S. open, up around 0.6% versus its last close.
- Nasdaq starts its regular trading at 9:30 a.m. EDT. The exchange will be closed on May 25 for Memorial Day.
- GrowHub has until June 1 to get back above Nasdaq’s $1 minimum bid, according to its latest annual filing.
The GrowHub Limited’s shares stayed around 33 cents in premarket Nasdaq trading Thursday. That leaves the Singapore-based traceability firm still under a major Nasdaq minimum and less than two weeks from its June 1 deadline to meet compliance. TGHL last traded at $0.325, about 0.6% higher than its last close.
Why price is in focus now: Nasdaq warned the company in December after its Class A shares stayed under the $1 minimum bid for 30 straight sessions, GrowHub said in its May 15 annual filing. That $1 mark is what a stock needs to close at to stay listed, according to the exchange.
Nasdaq has given the company 180 days to regain compliance, ending June 1. Shares need to close with a bid of at least $1 for at least 10 straight sessions. If not, GrowHub can try for another 180-day extension or push through a reverse stock split, cutting the share count to boost the price per share, though that doesn’t create value on its own.
GrowHub stock is down and its numbers are thin. The company posted 2025 revenue of S$83,032, a drop of 65% from S$237,014 last year. Net loss deepened to S$17.2 million, or $13.4 million, from S$2.36 million.
Professional fees jumped to S$12.9 million in 2025, up from S$621,563. GrowHub said the rise came from higher spending on business development, relationship management, marketing and tech consultancy after its IPO.
GrowHub (Nasdaq) opened for trading on Aug. 28, 2025, following its $15 million IPO at $4 per share. Shares have dropped about 92% since then.
The company says it operates between technology, supply chain and environmental sustainability. It provides traceability and authenticity products, anti-counterfeit functions and carbon-management offerings. It adds it’s also involved in carbon project collaborations with Bhutan, Indonesia and Bosnia and Herzegovina.
Big software vendors are in this space too. SAP has a material-traceability product tracking product origin, recalls, and sustainability numbers. IBM Food Trust is billed as a blockchain-based food-safety SaaS network.
TGHL shareholders are facing questions about market access, not product plans. GrowHub said a delisting could mean lower quotations, less liquidity, and might lead to “penny stock” status, which adds stricter broker rules. It could also make it harder to raise funds.
Things could still change. The stock might get back above the $1 mark, or Nasdaq could give more time if certain conditions are met. The company could also try a reverse split. Microcap shares like this sometimes swing sharply on little trading, up or down.
Nasdaq is open Thursday and Friday, closes Monday for Memorial Day, and starts up again Tuesday. That gives GrowHub a tight stretch before the June 1 listing deadline.
