{"success":true,"data":{"pressRelease":{"id":"27783","rtpr_id":"nPn1Q2pD9a","ticker":"NWGL","exchange":"NASDAQ","all_tickers":["NWGL"],"title":"CL Workshop Group Limited Receives Nasdaq Notice of Bid Price Deficiency","author":"PR Newswire","published_at":"2026-05-08T13:10:00.283Z","article_body":"CL Workshop Group Limited Receives Nasdaq Notice of Bid Price Deficiency\n\nPR Newswire\n\nNEW YORK, May 8, 2026\n\nNEW YORK, May 8, 2026 /PRNewswire/ -- CL Workshop Group Limited (Nasdaq: NWGL)\n(the \"Company\"), a global forestry company that focuses on the timber and wood\nproducts industry, today announced that it received a notification letter\ndated May 6, 2026 from Nasdaq's Listing Qualifications Department indicating\nthat the closing bid price of the Company's American Depositary Shares, each\nrepresenting eight Class A ordinary shares of the Company (\"ADSs\"), was below\nthe minimum requirement of US$1.00 per ADS for 30 consecutive business days\nfrom March 24, 2026 through May 5, 2026, and the Company is therefore not in\ncompliance with the minimum bid price requirement set forth under Nasdaq\nListing Rule 5550(a)(2).\n\nThe notification letter has no immediate effect on the listing of the\nCompany's ADSs, which will continue to trade uninterrupted on Nasdaq under the\nticker \"NWGL.\"\n\nPursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance\nperiod of 180 calendar days, or until November 2, 2026, to regain compliance\nwith the minimum bid price rule. If, at any time during the 180-day period,\nthe closing bid price per ADS of the Company's ADSs is US$1.00 or above for a\nminimum of ten consecutive business days, Nasdaq will provide written\nconfirmation of compliance and this matter will be closed.\n\nIn the event the Company does not regain compliance with the minimum bid price\nrequirement by November 2, 2026, the Company may be eligible for an additional\n180 calendar day grace period to regain compliance. To qualify, the Company\nwill be required to meet the continued listing requirement for market value of\npublicly held shares and all other initial listing standards for The Nasdaq\nCapital Market, with the exception of the bid price requirement, and will need\nto provide written notice of its intention to cure the deficiency during the\nsecond compliance period, including by effecting a reverse share split and/or\nchanging the ratio of Class A ordinary shares to ADSs, if necessary. If the\nCompany chooses to implement a reverse share split and/or change the ratio of\nClass A ordinary shares to ADSs, it must complete such action no later than 10\nbusiness days prior to November 2, 2026, or the expiration of the second\ncompliance period if granted.\n\nThis press release is issued pursuant to Nasdaq Listing Rule 5810(b), which\nrequires prompt disclosure of receipt of a deficiency notification. The\nCompany is currently evaluating various options available to regain\ncompliance. The notification letter has no effect at this time on the listing\nof the Company's ADSs, which will continue to trade uninterrupted on Nasdaq\nunder the ticker \"NWGL.\"\n\nAbout CL Workshop Group Limited\n\nCL Workshop Group Limited is a global forestry company that focuses on the\ntimber and wood products industry. Nature Wood offers a broad line of\nproducts, including logs, decking, flooring and sawn timber, primarily through\nits worldwide sales network.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements as defined by the\nPrivate Securities Litigation Reform Act of 1995. All forward-looking\nstatements, expressed or implied, in this release are based only on\ninformation currently available to us and speak only as of the date on which\nthey are made. Investors can find many, but not all, of these statements by\nthe use of words such as \"approximates,\" \"believes,\" \"hopes,\" \"expects,\"\n\"anticipates,\" \"estimates,\" \"projects,\" \"intends,\" \"plans,\" \"will,\" \"would,\"\n\"should,\" \"could,\" \"may\" or other similar expressions in this release. Except\nas otherwise required by applicable law, we disclaim any duty to publicly\nupdate any forward-looking statement to reflect events or circumstances after\nthe date of this release.\n\nThese statements are subject to uncertainties and risks, including, but not\nlimited to, uncertainties related to market conditions, the Company's ability\nto regain compliance with Nasdaq's minimum bid price requirement, and other\nfactors discussed in our filings with the SEC.\n\nAlthough the Company believes that the expectations expressed in these\nforward-looking statements are reasonable, it cannot assure you that such\nexpectations will turn out to be correct, and the Company cautions investors\nthat actual results may differ materially from anticipated results and\nencourages investors to review other factors that may affect its future\nresults in the Company's filings with the SEC. Additional factors are\ndiscussed in the Company's filings with the SEC, which are available for\nreview at www.sec.gov (http://www.sec.gov) . The Company undertakes no\nobligation to publicly revise these forward-looking statements to reflect\nevents or circumstances that arise after the date hereof.\n\nFor investor and media inquiries, please contact:\n\nCL Workshop Group Limited\nName: Wang Hong\nTitle: CFO\nEmail: nwglwh@163. (mailto:nwglwh@163.com) com (mailto:nwglwh@163.com)\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/cl-workshop-group-limited-receives-nasdaq-notice-of-bid-price-deficiency-302766944.html\n(https://www.prnewswire.com/news-releases/cl-workshop-group-limited-receives-nasdaq-notice-of-bid-price-deficiency-302766944.html)\n\nSOURCE CL Workshop Group Limited\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1Q2pD9a","title":"CL Workshop Group Limited Receives Nasdaq Notice of Bid Price Deficiency","author":"PR Newswire","ticker":"NWGL","created":"2026-05-08T13:10:00.283Z","tickers":["NWGL"],"exchange":"NASDAQ","article_body":"CL Workshop Group Limited Receives Nasdaq Notice of Bid Price Deficiency\n\nPR Newswire\n\nNEW YORK, May 8, 2026\n\nNEW YORK, May 8, 2026 /PRNewswire/ -- CL Workshop Group Limited (Nasdaq: NWGL)\n(the \"Company\"), a global forestry company that focuses on the timber and wood\nproducts industry, today announced that it received a notification letter\ndated May 6, 2026 from Nasdaq's Listing Qualifications Department indicating\nthat the closing bid price of the Company's American Depositary Shares, each\nrepresenting eight Class A ordinary shares of the Company (\"ADSs\"), was below\nthe minimum requirement of US$1.00 per ADS for 30 consecutive business days\nfrom March 24, 2026 through May 5, 2026, and the Company is therefore not in\ncompliance with the minimum bid price requirement set forth under Nasdaq\nListing Rule 5550(a)(2).\n\nThe notification letter has no immediate effect on the listing of the\nCompany's ADSs, which will continue to trade uninterrupted on Nasdaq under the\nticker \"NWGL.\"\n\nPursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance\nperiod of 180 calendar days, or until November 2, 2026, to regain compliance\nwith the minimum bid price rule. If, at any time during the 180-day period,\nthe closing bid price per ADS of the Company's ADSs is US$1.00 or above for a\nminimum of ten consecutive business days, Nasdaq will provide written\nconfirmation of compliance and this matter will be closed.\n\nIn the event the Company does not regain compliance with the minimum bid price\nrequirement by November 2, 2026, the Company may be eligible for an additional\n180 calendar day grace period to regain compliance. To qualify, the Company\nwill be required to meet the continued listing requirement for market value of\npublicly held shares and all other initial listing standards for The Nasdaq\nCapital Market, with the exception of the bid price requirement, and will need\nto provide written notice of its intention to cure the deficiency during the\nsecond compliance period, including by effecting a reverse share split and/or\nchanging the ratio of Class A ordinary shares to ADSs, if necessary. If the\nCompany chooses to implement a reverse share split and/or change the ratio of\nClass A ordinary shares to ADSs, it must complete such action no later than 10\nbusiness days prior to November 2, 2026, or the expiration of the second\ncompliance period if granted.\n\nThis press release is issued pursuant to Nasdaq Listing Rule 5810(b), which\nrequires prompt disclosure of receipt of a deficiency notification. The\nCompany is currently evaluating various options available to regain\ncompliance. The notification letter has no effect at this time on the listing\nof the Company's ADSs, which will continue to trade uninterrupted on Nasdaq\nunder the ticker \"NWGL.\"\n\nAbout CL Workshop Group Limited\n\nCL Workshop Group Limited is a global forestry company that focuses on the\ntimber and wood products industry. Nature Wood offers a broad line of\nproducts, including logs, decking, flooring and sawn timber, primarily through\nits worldwide sales network.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements as defined by the\nPrivate Securities Litigation Reform Act of 1995. All forward-looking\nstatements, expressed or implied, in this release are based only on\ninformation currently available to us and speak only as of the date on which\nthey are made. Investors can find many, but not all, of these statements by\nthe use of words such as \"approximates,\" \"believes,\" \"hopes,\" \"expects,\"\n\"anticipates,\" \"estimates,\" \"projects,\" \"intends,\" \"plans,\" \"will,\" \"would,\"\n\"should,\" \"could,\" \"may\" or other similar expressions in this release. Except\nas otherwise required by applicable law, we disclaim any duty to publicly\nupdate any forward-looking statement to reflect events or circumstances after\nthe date of this release.\n\nThese statements are subject to uncertainties and risks, including, but not\nlimited to, uncertainties related to market conditions, the Company's ability\nto regain compliance with Nasdaq's minimum bid price requirement, and other\nfactors discussed in our filings with the SEC.\n\nAlthough the Company believes that the expectations expressed in these\nforward-looking statements are reasonable, it cannot assure you that such\nexpectations will turn out to be correct, and the Company cautions investors\nthat actual results may differ materially from anticipated results and\nencourages investors to review other factors that may affect its future\nresults in the Company's filings with the SEC. Additional factors are\ndiscussed in the Company's filings with the SEC, which are available for\nreview at www.sec.gov (http://www.sec.gov) . The Company undertakes no\nobligation to publicly revise these forward-looking statements to reflect\nevents or circumstances that arise after the date hereof.\n\nFor investor and media inquiries, please contact:\n\nCL Workshop Group Limited\nName: Wang Hong\nTitle: CFO\nEmail: nwglwh@163. (mailto:nwglwh@163.com) com (mailto:nwglwh@163.com)\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/cl-workshop-group-limited-receives-nasdaq-notice-of-bid-price-deficiency-302766944.html\n(https://www.prnewswire.com/news-releases/cl-workshop-group-limited-receives-nasdaq-notice-of-bid-price-deficiency-302766944.html)\n\nSOURCE CL Workshop Group Limited\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-08T13:10:00.337610552Z","server_sent_at_ms":1778245800337},"received_at":"2026-05-08T13:10:00.389Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}