Headquartered in Kuala Lumpur, Malaysia, Sagtec Global Limited, founded in 2018, specializes in providing custom software development services. Their diverse offerings include the 'Speed + Smart Ordering System,' a dedicated application for the hospitality sector, along with bespoke software solutions for table, QR code, and self-service kiosk ordering. Beyond software, the company extends its services to social media and data management, and supplies physical hardware like food ordering kiosks and power-bank charging stations. Additionally, Sagtec Global develops its own IT products and offers server hosting.
Sagtec Global Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Sagtec Global received a Nasdaq notification stating it is not in compliance with the minimum bid price requirement, having traded below $1.00 for 30 consecutive business days.
The company has been granted a 180-calendar day compliance period, expiring February 16, 2027, to regain compliance by maintaining a bid price of at least $1.00 for 10 consecutive business days.
If compliance is not achieved by the deadline, Sagtec may pursue a second 180-day period, which could require a reverse stock split to satisfy continued listing standards.