SU Group faces Nasdaq delisting for low public shares, appeals while planning a secondary offering.

SU Group Holdings Limited received a Nasdaq delisting notice due to failing to meet the minimum publicly held shares requirement, prompting an appeal and a compliance plan. The company’s shares will continue trading on the Nasdaq Capital Market while the appeal is reviewed. A July 2025 reverse stock split aimed to address a separate bid price rule violation but contributed to the current deficiency. The company is considering a secondary offering to boost publicly held shares and avoid delisting, which could lead to reduced liquidity and investor confidence if unsuccessful.