Smart Logistics’ Initial Nasdaq Deadline Ends After 180 Days, With No New Extension Confirmed
Key Facts
Smart Logistics Global’s initial 180-calendar-day Nasdaq compliance period to address a minimum bid price violation ended on October 28, 2026. The available official disclosure does not confirm that the company was granted an additional period, although an earlier draft cited a new date of April 26, 2027. The violation stemmed from the closing bid price remaining below $1 per share for 30 consecutive business days. Those days ran from March 19 to April 30, 2026, according to the company’s filing with the U.S. Securities and Exchange Commission. The end of the initial period alone therefore does not establish that Nasdaq delisted the stock, nor does it establish that the company qualified for a new extension.
Nasdaq’s rule set a closing price of at least $1 per share to regain compliance, sustained for 10 consecutive business days during the compliance period. In its initial disclosure, the company said it might be eligible for an additional 180-day period after the first deadline. Potential eligibility, however, was conditional on meeting the other listing standards of the Nasdaq Capital Market, excluding the bid price requirement, and submitting written notice of its intent to cure the deficiency. The disclosure said a reverse stock split could be an option if necessary. The available information does not confirm that the company met the conditions or that Nasdaq actually approved a second period.
When announcing the initial deficiency, the company said the notice had no immediate effect on the listing of its shares and that trading would continue on the Nasdaq Capital Market under the ticker SLGB. That statement describes the effect of the initial notice and does not specify what will happen after the compliance period expired on October 28. The stock closed at $0.2159 that day, according to EL7 data. In the next session, on October 29, it closed at $0.18, down 16.63%, according to Investing.com data. Investing.com put the October 28 close at $0.22, compared with $0.2159 in EL7 data.
According to the company’s filing, Smart Logistics Global operates as a business-to-business contract logistics provider in China, focused on transporting industrial raw materials. Fiscal 2025 results showed revenue falling about 7.3% to 628.5 million yuan, from about 678.2 million yuan in 2024. The company also reported a net loss of 18.2 million yuan in 2025, after net income of 8.7 million yuan the previous year. Meanwhile, total transportation distance in kilometers rose 11.7% in 2025 despite a decline in overall volume, as the company shifted toward longer-distance transport. The chairman and chief executive attributed weakness in some segments to China’s economy.