Ten-League International Regains Nasdaq Compliance, Averting Delisting Threat
TLIH sits 66% above its 52-week low of $2.2 on light trading volume (0.1× avg).
Summary
Ten-League International Holdings has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share. This follows a Nasdaq delisting notice in March and a 1-for-10 reverse stock split implemented on May 1, 2026, which was approved by shareholders to address the bid price deficiency. Regaining compliance removes the immediate threat of delisting from Nasdaq, which was a significant overhang for the micro-cap company. However, the company remains under a mandatory Nasdaq panel monitor until May 25, 2027, meaning a future breach of the $1.00 bid price for 30 consecutive business days would lead to another delisting determination without a grace period.
At the time of this announcement, TLIH was trading at $3.65 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $11.1M. The 52-week trading range was $2.20 to $70.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.