Huadi International Group Co., Ltd. develops, manufactures, markets, and sells industrial stainless steel seamless pipes, tubes, bars, and plates in the People's Republic of China. The company's products are used in oil and gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill, and mechanical industries. It also exports its products to 20 countries, including the United States, Mexico, Thailand, Australia, Argentina, India, the Philippines, the United Arab Emirates, Taiwan, Canada, and internationally. The company was founded in 1992 and is based in Wenzhou, the People's Republic of China. Huadi International Group Co., Ltd. is a subsidiary of Yongqiang Donghai Limited.
Huadi International Group Co., Ltd. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Huadi International Group received a Nasdaq notification stating it is not in compliance with the minimum bid price requirement, as its shares closed below $1.00 for 30 consecutive business days.
The company has a 180-calendar day compliance period, ending January 11, 2027, to regain compliance by maintaining a bid price of at least $1.00 for 10 consecutive business days.
If compliance is not met, the company may pursue a second 180-day period, which could require effecting a reverse stock split to satisfy continued listing standards.