Huadi International Group received a Nasdaq deficiency notice after its shares traded below $1 for 30 days. The company has until Jan. 11, 2027 to regain compliance.
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Huadi International Group, a Chinese stainless steel pipe maker, received a Nasdaq deficiency notice on July 14 after its shares traded below $1 for 30 consecutive business days, the company said in a filing.
The notice triggers a 180-day compliance period running through Jan. 11, 2027, under Nasdaq Listing Rule 5810(c)(3)(A). If HUDI’s closing bid price hits $1 or more for at least 10 straight days before that deadline, Nasdaq will close the matter. The company’s shares last closed at $0.68 on July 16.
Failure to regain compliance by January opens an additional 180-day window, provided HUDI meets all other listing standards for the Nasdaq Capital Market except the bid price rule. To qualify, the company must also submit a written plan to cure the deficiency, including the option of a reverse stock split completed at least 10 business days before the extended deadline.
Huadi said it is “actively monitoring the bid price” and weighing available options. The notice does not affect current trading. The company’s shares rose 3.2% in Thursday’s session to $0.71, still well below the $1 threshold.
The company manufactures industrial stainless steel seamless pipes used in oil and gas transmission, chemical engineering, and other sectors. It exports to 20 countries including the U.S., Singapore, and Mexico, according to the filing.
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