SU Group Faces Nasdaq Delisting, Plans 1-for-5 Reverse Split to Regain Compliance
SUGP is trading near its 52-week low of $0.42 (4.6% below the low).
Summary
SU Group Holdings received a Nasdaq delisting determination after its stock price fell below $1.00. The company will appeal and implement a 1-for-5 reverse stock split on August 6, 2026 to try to regain compliance.
Updates
· Dow Jones Newswires — The reverse split is effective August 6, with the stock closing at $0.285 pre-split, implying a post-split price near $1.43. The company must hold above $1.00 for 10 consecutive business days to regain compliance.
Key Events · Legal and Risk Events · SUGP
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Nasdaq Delisting Determination Received
On August 3, 2026, Nasdaq notified SU Group that it will delist the company's Class A ordinary shares for failing to maintain a $1.00 minimum bid price for 30 consecutive business days (June 18–July 31, 2026).
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Appeal Stays Delisting Process
The company intends to request a hearing before a Nasdaq Hearings Panel, which automatically stays the suspension of trading and the filing of Form 25-NSE, keeping the stock listed on Nasdaq during the appeal.
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1-for-5 Reverse Stock Split Planned
A 1-for-5 share consolidation, approved by the board and shareholders, is expected to become effective on August 6, 2026. If the post-split bid price reaches $1.00 for the required period, the company may regain compliance and avoid a hearing.
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Prior Reverse Split Limits Grace Period
Because SU Group executed a 1-for-10 reverse split in August 2025, Nasdaq rules disqualify it from the standard 180-day compliance period, triggering the immediate delisting determination.
Analysis · SUGP · Trade & Services
Nasdaq has formally determined to delist SU Group's shares after the stock traded below $1.00 for 30 consecutive business days. The company intends to appeal, which stays the delisting process, and plans a 1-for-5 reverse stock split on August 6, 2026 to boost the share price above $1.00. This is a critical survival event: if the reverse split fails to sustain a $1.00 bid, the stock faces delisting to the OTC market, which would severely impair liquidity and investor access. The company already executed a 1-for-10 reverse split in August 2025, making it ineligible for the standard compliance grace period, so this is an accelerated enforcement action. The filing comes amid a series of distress signals—a deeply dilutive offering in May, a warrant repricing, and an auditor change—painting a picture of a company fighting to maintain its Nasdaq listing.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 43.2% of the 271 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.30%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SUGP was trading at $0.40 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.1M. The 52-week trading range was $0.42 to $11.00. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.