PS International Group Ltd. functions as a global specialist in freight forwarding, facilitating the international movement of goods via both air and ocean for import and export operations. Beyond its core transportation services, the company offers a comprehensive range of supplementary logistical support, including cargo collection, port handling, and local delivery. Its extensive warehousing solutions encompass services such as repackaging, labeling, palletization, preparation of shipping documentation, customs brokerage, and general storage. Established in 1993, this enterprise, previously known as PSI Group Holdings Ltd., maintains its headquarters in Kwai Chung, Hong Kong, and operates as a subsidiary of Grand Pro Development Limited.
PS International Group Ltd. Receives Nasdaq Non-Compliance Notice for Minimum Market Value of Listed Securities Requirement
PS International Group received a Nasdaq deficiency letter for falling below the $35 million Minimum Market Value of Listed Securities requirement.
The company also fails to satisfy alternative continued listing criteria regarding minimum stockholders' equity and net income, but has been granted a 180-day compliance period ending February 8, 2027.
To cure the deficiency and avoid delisting, shares must close at or above the $35 million threshold for at least ten consecutive trading days within the cure window.