1. Mint Inc (MIMI) receives non-compliance notice from Nasdaq. 2. Closing bid price was below $1 for 30 consecutive business days. 3. MIMI has 180 days to regain compliance with Nasdaq's price requirement. 4. The company may consider a reverse stock split to meet requirements. 5. Current operations are unaffected by the notification.
FAQ
Why Bearish?
Non-compliance with Nasdaq listing rules often leads to negative market perception. Past examples show stocks struggling to recover from similar delist notifications.
How important is it?
The notification affects MIMI’s market perception and potential future listings significantly. The potential for a reverse split could create further volatility.
Why Short Term?
The compliance period is immediate, affecting investor sentiment in the near-term. Similar scenarios have historically led to rapid price declines.
Related Companies
Mint Incorporation Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Release Date: December 23, 2025
Source: GlobeNewsWire
Overview of Notification
Mint Incorporation Limited (Nasdaq: MIMI), a prominent technology and interior design company based in Hong Kong, has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market, dated December 19, 2025. The letter indicates that the company is currently not meeting the minimum bid price requirement outlined in Nasdaq Listing Rule 5550(a)(2), following a closing bid price below $1.00 per share over 30 consecutive business days, from November 6 to December 18, 2025.
Compliance Period and Actions Required
The Notification Letter does not impact the current trading status of Mint’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker symbol MIMI. According to Nasdaq Listing Rule 5810(c)(3)(A), Mint has a compliance period of 180 calendar days, expiring on June 17, 2026, to regain compliance with the minimum bid price requirement.
If, during this compliance period, Mint’s closing bid price reaches or exceeds $1.00 for at least 10 consecutive business days, the company will receive written confirmation of compliance, effectively closing the matter.
If compliance is not achieved by the deadline, Mint may be eligible for an additional 180-day grace period to correct this deficiency, provided it meets other listing standards, excluding the minimum bid requirement.
Operational Status and Future Considerations
The operations of Mint are not affected by the receipt of the Notification Letter. The company plans to closely monitor the bid price of its Ordinary Shares and explore options, including a potential reverse stock split, to ensure compliance with Nasdaq regulations.
- Compliance period until: June 17, 2026
- Minimum bid price required: $1.00 for 10 consecutive business days
- Eligibility for grace period: If compliance is not achieved by the deadline
About Mint Incorporation Limited
Mint Incorporation Limited, incorporated in the British Virgin Islands, conducts its operations through subsidiaries in Hong Kong. The company is focusing on advancing technology sectors while maintaining its expertise in interior design and fit-out services. Through its wholly owned subsidiary, Axonex Intelligence Limited, launched in September 2025, Mint is expanding into high-tech innovations, integrating robotics and IoT devices for smart facility management solutions.
Mint’s services include:
- Smart facility management solutions
- Real-time monitoring and predictive maintenance
- Interior design and maintenance services
The company serves diverse sectors, including retail, food and beverage, and residential properties across Hong Kong.
Forward-Looking Statements
This announcement contains forward-looking statements, as defined by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the company's current beliefs and expectations, indicating the potential outcomes of business operations, market trends, and regulatory compliance. However, actual results may differ significantly from those projected due to various risks and uncertainties.