Smart Logistics Global Limited, together with its subsidiaries, provides business-to-business contract logistics solutions focusing on industrial raw materials line-haul transportation business in the People's Republic of China. The company offers land-only transportation services, and vehicle repair and maintenance services; and engages in the sale of tires or spare parts. It serves paper, steel, coal, food, and other sectors. The company was founded in 2017 and is based in Pok Fu Lam, Hong Kong. Smart Logistics Global Limited operates as a subsidiary of ASL Ventures Limited.
Smart Logistics Global Limited Announces Receipt of Nasdaq Minimum Bid Price Deficiency
Smart Logistics Global received a Nasdaq notification stating its shares closed below $1.00 for 30 consecutive business days, triggering a bid price deficiency.
The company has 180 calendar days, or until October 28, 2026, to regain compliance by maintaining a bid price of at least $1.00 for ten consecutive business days.
The shares will continue to trade on the Nasdaq Capital Market under the symbol 'SLGB' with a delinquency indicator, though the company warned there is no assurance it will regain compliance.