SU Group Holdings (SUGP) Stock Jumps 28% After Regaining Nasdaq Compliance

TLDR

• SUGP stock surged over 27% Friday after the company confirmed it regained Nasdaq compliance
• SU Group received written confirmation from Nasdaq that it now meets the minimum bid price requirement under Listing Rule 5550(a)(2)
• The stock was up 36% at $3.78 in premarket trading before settling around a 28% gain
• Class A Ordinary Shares will continue trading on the Nasdaq Capital Market under the ticker “SUGP”
• The Hong Kong-based security services firm had been at risk of delisting prior to this confirmation

SU Group Holdings (SUGP) got a clean bill of health from Nasdaq on Thursday, and the market wasted no time reacting.

SU Group Holdings Limited Ordinary Shares, SUGP

The Hong Kong-based security services company received written confirmation from The Nasdaq Stock Market that it now meets the minimum bid price requirement set out in Listing Rule 5550(a)(2). That single piece of news sent SUGP stock up 36.22% to $3.78 in premarket trading on Friday, before pulling back to a still-impressive gain of around 27% to 28% during the regular session.

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