Nasdaq Notification Regarding Minimum Bid Price Deficiency

Uni-Fuels Holdings Limited received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement. The closing bid price of its class A ordinary shares has been below $1 for 30 consecutive business days. The company has 180 days, until January 25, 2027, to regain compliance by ensuring the bid price is at least $1.00 for 10 consecutive business days. Failure to comply may result in an additional 180-day period if certain other listing requirements are met. The company is considering options, including a reverse stock split, to address the deficiency. If compliance is not achieved, delisting procedures may commence.