The Growhub Limited operates as an investment holding company that provides product traceability, data analytics, and product trading facilitation solutions in Singapore and internationally. It offers GrowHub Platform, a Software-as-a-Service solution that enables organizations to track products at various stage of the supply chain from raw materials to the final product; anti-counterfeit solution, a tool for organizations to help brands combat the growing issue of counterfeiting and prevent damaged brand's reputation, lost revenue, and loss of customer trust; and carbon management solution, which enables organizations to track, monitor, and measure carbon emissions or offsets. The company also provides software development and consultancy services; trades in food, agriculture, skincare, and other products through retail outlets and online channels; offers rental and auxiliary services, as well as blockchain services. The company was incorporated in 2024 and is based in Singapore.
THE GROWHUB LIMITED Announces Receipt of Nasdaq Staff Determination Letter and Intention to Request Hearing
The GrowHub Limited received a Nasdaq Staff Determination Letter notifying it of its intent to delist the company's securities from the Nasdaq Capital Market.
The delisting is based on the company's failure to regain compliance with the $1.00 minimum bid price rule within the 180-day cure period, as well as failure to meet the $2.5 million stockholders' equity requirement for continued listing.
The company is ineligible for a second compliance period because it does not meet initial listing standards for equity, market value, or income. TGHL intends to appeal the decision and request a hearing before the Nasdaq Hearings Panel by June 12, 2026.