TOP · TOP Financial Group Limited

This Nasdaq minimum bid price deficiency notification represents a material regulatory event for TOP Financial Group Limited, as failure to regain compliance could lead to delisting — a significant risk for liquidity, investor access, and market perception. The notice stems solely from share price performance, not financial distress or governance failures, and Nasdaq explicitly confirms the notification has no immediate impact on trading or listing status. The 180-day compliance window provides operational breathing room, but the path to resolution is narrow: sustained price recovery above $1.00 for ten consecutive business days, or — in the contingency of continued non-compliance — execution of a reverse stock split after satisfying eligibility criteria including market value of publicly held shares and other listing standards. Notably, the Company’s ability to enter a second compliance period is conditional and not automatic; it requires formal written notice of intent to cure and demonstration of eligibility at the time of request. While the filing affirms business operations remain unaffected, investors must monitor both share price action through October 26, 2026, and any subsequent disclosures regarding remediation plans, as delisting would trigger mandatory deregistration under U.S. securities laws and likely impair the Company’s U.S. capital-raising capacity and institutional investor base.