New York, June 5, 2026, 17:00 (EDT)
Smart Logistics Global Limited shares dropped after the bell Friday, erasing a small advance from the regular session. The Hong Kong logistics firm remains at risk of falling under Nasdaq’s $1 minimum listing rule.
SLGB was last at $0.4689 after hours at 16:55 EDT, falling 6.22% after closing at $0.50. The stock ended up 1.73% for the day, trading 1.55 million shares with a range between $0.47 and $0.57.
Smart Logistics is in a compliance period after Nasdaq said its shares traded under $1 for 30 consecutive business days, according to a May company filing. The company has until Oct. 28, 2026, to get the price back up. Nasdaq calls the “bid price” the highest price any buyer is offering in public trading.
The move happened after the normal Nasdaq trading day, which runs 9:30 a.m. to 4 p.m. Eastern. After-hours trading on Nasdaq goes from 4 p.m. to 8 p.m. The exchange cautions that volume can be lower and prices can swing more in extended hours.
SLGB’s move came as U.S. stocks took a hit. The Nasdaq Composite dropped 4.18%, the S&P 500 was down 2.64%, and the Dow slid 1.35%. Fresh May jobs numbers, which came in stronger than expected, put rate hike worries back in focus. “The dam just broke today,” Carson Group chief market strategist Ryan Detrick told Reuters. Reuters
The group wasn’t showing much direction. Full Truck Alliance dropped 27.5 cents to $8.59. ZTO Express, a parcel delivery rival, lost 21.5 cents to $22.28. That left Smart Logistics’ move looking tied to the stock itself instead of a sector trade in China logistics.
Smart Logistics does B2B contract logistics, handling long-haul industrial raw material freight. In April, the company posted revenue of RMB628.5 million ($89.9 million) for 2025, down 7.3%. Net loss was RMB18.2 million ($2.6 million). CEO Hue Kwok Chiu said gross profit margins improved even as revenue dropped.
Smart Logistics is trading well under its IPO price. The company’s prospectus listed shares at $5, raising $5 million from 1 million shares. On Friday, the stock closed at $0.50, off around 90% from the offer.
Nasdaq could give SLGB more time if it can’t get its closing bid to $1 or higher for 10 straight business days within the compliance window. Another option would be a reverse stock split. That move combines shares to boost the trading price but does not change the company’s total value. SLGB said there are no guarantees it will meet the requirement.
For now, focus is less on the next after-hours print and more on whether the stock can stay above the low-50-cent range during regular hours. A steady push toward $1 would take pressure off the listing. If shares keep closing around these levels, the Nasdaq clock will stay in play.
