GrowHub at 33 Cents Faces Nasdaq Deadline Pressure
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.