3 E Network Technology Group Limited filed a Form 6-K on October 30, 2026, disclosing that it received a written Staff Determination from Nasdaq on October 27, 2026, notifying the company of a delisting determination for its Class A ordinary shares.

Key Highlights

  • Delisting notice received: Nasdaq's Listing Qualifications Staff issued a Staff Determination on October 27, 2026, to delist the company's Class A ordinary shares from The Nasdaq Capital Market.
  • Bid price deficiency: The closing bid price was below $1.00 per share for 30 consecutive business days, from September 15, 2026 through October 26, 2026, violating Nasdaq Listing Rule 5550(a)(2).
  • Reverse split disqualifies grace period: The company is ineligible for any standard compliance period because it effected a 1-for-25 reverse share split on March 16, 2026, within the prior one-year period.
  • Hearing appeal planned: The company stated it intends to request a hearing before an independent Hearings Panel by November 3, 2026 to appeal the Staff Determination.
  • Trading continues during appeal: According to the filing, a timely hearing request will stay the suspension of trading, and Class A ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol "MASK."
  • Compliance measures under review: The company disclosed it is "actively evaluating measures to regain compliance," including "potential capital markets transactions, financing activities and further share consolidations."

3E Network Technology Faces Delisting After Bid Price Breach and Reverse Split Bar

According to the Form 6-K filed with the SEC on October 30, 2026, 3 E Network Technology Group Limited (NASDAQ:MASK) received a written Staff Determination from Nasdaq's Listing Qualifications Staff on October 27, 2026. The determination notified the company that Nasdaq staff has decided to delist its Class A ordinary shares unless the company timely requests a hearing before an independent Hearings Panel.

The filing states that the Staff Determination was issued under Nasdaq Listing Rule 5810(c)(3)(A)(iv) on two grounds. First, the company's Class A ordinary shares closed below $1.00 per share for 30 consecutive business days spanning September 15, 2026 through October 26, 2026, placing the company out of compliance with the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2). Second, the company is not eligible for any compliance period ordinarily available under Nasdaq Listing Rule 5810(c)(3)(A) because it completed a one-for-twenty-five (1-for-25) reverse share split on March 16, 2026, which falls within the prior one-year period.

The company disclosed it intends to request a hearing before the Panel by November 3, 2026. The filing notes that "a timely hearing request will stay the suspension of trading in the Company's securities and the filing of Form 25-NSE pending the Panel's decision." The company also stated it is evaluating compliance measures and will "provide further disclosure regarding its hearing and compliance plan as appropriate." The filing was signed by Tingjun Yang, Chief Executive Officer and Director, on October 30, 2026.

What Was Disclosed

3 E Network Technology Group Limited disclosed receipt of a Nasdaq delisting determination due to a bid price violation and ineligibility for a compliance grace period following a recent reverse share split. The company plans to appeal via a Nasdaq hearing panel by November 3, 2026.