Cre8 Enterprise Shares Drop After Nasdaq IPO Bid Price Warning
Cre8 Enterprise Limited, a Hong Kong-based integrated financial printing service provider, has published financing information for Zijin Gold International Company Limited's IPO. Cre8's shares on NASDAQ today dropped by 3.98% in extended trading, following a notification from Nasdaq regarding a minimum bid price requirement for the enterprise.
Cre8 Enterprise, led by a corporate management team in Hong Kong, operates as a sole financial printing service provider for Zijin Gold's IPO. This IPO aims to raise approximately US$3.2 billion on the Hong Kong Stock Exchange in 2025. Despite this news, Cre8's listing on the Nasdaq Capital Market remains unaffected.
Cre8 Enterprise's shares, traded under the symbol 'CRE', have faced a decline. The company has received a notification letter from Nasdaq for failing to maintain a minimum bid price of $1 per share over the last 30 business days.
Cre8 Enterprise's shares have dipped following the Nasdaq notification, but the company's listing status remains unchanged. The company continues to play a key role in Zijin Gold's upcoming IPO.
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