Here’s the latest on NASDAQ: WCT (Wellchange Holdings):
🔔 Key Update: Nasdaq Minimum Bid Price Deficiency
• On April 28, 2025, Wellchange received a Nasdaq notification stating it had traded below the required $1.00 minimum bid price for 33 consecutive business days (March 11–April 25) .
• The company has 180 calendar days, until October 27, 2025, to restore compliance by having its share price close at or above $1.00 for 10 consecutive business days .
• If it fails to comply by that date, Wellchange may apply for an additional extension, provided it meets other Nasdaq requirements and submits a formal cure plan—which could include a reverse stock split .
📉 Stock Price & Performance
• As of July 11, WCT is trading around $0.22, with day’s range between approximately $0.21–$0.22 .
• The share price remains well below the $1 threshold, illustrating a significant gap and implying reliance on a reverse split or major operational turnaround.
• Market sentiment reflects this ongoing compliance risk, and recent trading volumes (~385,000 shares intraday) show moderate investor interest.
⚠️ Why This Matters
• Failure to regain compliance could lead to Nasdaq delisting, severely affecting liquidity, visibility, investor confidence, and access to capital .
• A reverse stock split is a common remedy to artificially boost the share price, but it won’t solve underlying business issues—and can sometimes be viewed negatively by the market .
• Any movement toward $1+ must come from either a business performance improvement, ongoing capital raises, or a reverse split.
🗓 What to Watch Next
1. Share price trajectory—does WCT climb toward $1 naturally?
2. Official announcements—any plans for reverse stock split, business strategy update, or capital infusion.
3. Financial filings—look out for SEC reports (6-Ks) and updates on operations or funding.
✅ Summary
• WCT remains in a nasdaq compliance deadline zone, with a ticking clock until October 27, 2025.
• Current price of ~$0.22 is far below the required level.
• Key catalysts going forward include corporate decisions (reverse split, strategic shifts) and share price recovery.
🔍 Would you like:
• A deeper dive into their financials or recent SEC filings?
• Alerts on corporate actions like reverse splits?
• Analysis on the **broader$WCT $