Shares of SU Group Holdings Limited (NASDAQ:SUGP) are surging Friday morning after the company confirmed it has officially regained compliance with Nasdaq’s minimum bid price requirement.
SU Group Holdings shares are powering higher. What’s driving SUGP stock higher?
Hong Kong Security Firm Clears Listing Rule Hurdle
In a press release issued Thursday, the Hong Kong-based integrated security provider announced it received written confirmation from The Nasdaq Stock Market LLC that it now satisfies Listing Rule 5550(a)(2).
The notification ensures that SU Group’s Class A Ordinary Shares will continue trading on the Nasdaq Capital Market, resolving the immediate risk of a delisting.
