Fitness Champs Holdings Limited Receives Nasdaq Compliance Notice, Eyes Path to Regain Compliance with Listing Rules

Fitness Champs Holdings received a Nasdaq compliance notice due to low stockholders' equity but believes it has rectified the issue.

Quiver AI Summary

On May 26, 2026, Fitness Champs Holdings Limited (FCHL), a leading aquatic sports education provider in Singapore, received notification from Nasdaq that it was not in compliance with Listing Rule 5550(b)(1) due to insufficient stockholders’ equity and failure to meet alternative compliance standards. Although the company believes it is now compliant following a recent financing, this is subject to Nasdaq's review. Nasdaq has given FCHL until July 10, 2026, to confirm compliance or submit a plan to regain it. If the initial plan is accepted, the company could receive an extension until November 20, 2026, to meet compliance. FCHL emphasizes its commitment to regaining compliance to maintain its Nasdaq listing and is exploring options to meet the necessary requirements. The company specializes in swimming lessons and aquatic sports education, aiming to expand into diverse sports education offerings.

Potential Positives

The company believes it is now in compliance with Nasdaq's stockholders' equity requirements following a recent financing, which could alleviate immediate concerns regarding its listing status.
Nasdaq’s letter indicates that the company’s ordinary shares will continue to be listed and traded on the Nasdaq Capital Market while it addresses compliance, allowing for continued investor confidence.
The company has a clear timeline and plan in place to address compliance issues, including the potential to submit a plan to regain compliance if needed.
Fitness Champs Holdings Limited has a strong market presence as one of the largest providers of swimming lessons in Singapore, which highlights its business stability and operator reputation.

Potential Negatives

Received a notice from Nasdaq for failing to meet the minimum stockholders' equity requirement, which raises concerns about the company's financial health and stability.
Despite believing it is now in compliance, there is no guarantee from Nasdaq that the company will be considered compliant, highlighting uncertainty regarding its listing status.
Potential for delisting if compliance is not achieved, which could significantly impact the company's market presence and investor confidence.

FAQ

What is the compliance issue Fitness Champs Holdings is facing?

Fitness Champs Holdings is not in compliance with Nasdaq Listing Rule 5550(b)(1) due to insufficient stockholders’ equity.

How long does Fitness Champs Holdings have to regain Nasdaq compliance?

The Company has 45 calendar days, until July 10, 2026, to confirm compliance or submit a plan.

What happens if Fitness Champs Holdings fails to regain compliance?

If the Company does not regain compliance, it can submit a plan or request a hearing before a Nasdaq panel.

Is Fitness Champs Holdings still listed on Nasdaq?

Yes, the Company’s ordinary shares continue to be listed and traded on the Nasdaq Capital Market while compliance is reviewed.

What does Fitness Champs Holdings offer?

Fitness Champs Holdings provides swimming lessons and aquatic sports education, focusing on children, adults, and water safety.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$FCHL Insider Trading Activity

$FCHL insiders have traded $FCHL stock on the open market 5 times in the past 6 months. Of those trades, 3 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $FCHL stock by insiders over the last 6 months:

FINANCIAL LP HRT has made 3 purchases buying 420,517 shares for an estimated $55,515 and 2 sales selling 87,318 shares for an estimated $78,421.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FCHL Hedge Fund Activity

We have seen 3 institutional investors add shares of $FCHL stock to their portfolio, and 9 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TWO SIGMA SECURITIES, LLC removed 55,733 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $114,252
HERITAGE INVESTORS MANAGEMENT CORP removed 31,750 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $65,087
JANE STREET GROUP, LLC removed 19,925 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $40,846
XTX TOPCO LTD removed 17,317 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $35,499
RENAISSANCE TECHNOLOGIES LLC removed 12,743 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $26,123
VIRTU FINANCIAL LLC removed 10,681 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,896
UBS GROUP AG removed 3,635 shares (-98.8%) from their portfolio in Q1 2026, for an estimated $7,451

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Full Release

SINGAPORE, May 29, 2026 (GLOBE NEWSWIRE) -- On May 26, 2026, Fitness Champs Holdings Limited (“Fitness Champs Holdings”, “FCHL” or the “Company”) (NASDAQ: FCHL), a distinguished aquatic sports education provider in Singapore, received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that it is not in compliance with Nasdaq Listing Rule 5550(b)(1), because (i) the stockholders’ equity of the Company of $598,490 as of December 31, 2025, as reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, was below the minimum stockholders’ equity requirement of $2,500,000 and (ii) the Company did not, as of May 26, 2026, meet the alternatives standards of market value of listed securities or net income from continuing operations for compliance with Nasdaq Listing Rule 5550(b)(1). Based on the proceeds of funds from a financing completed in May 2026, the Company believes it is now in compliance with the stockholders’ equity requirements of Nasdaq Listing Rule 5550(b)(1); however the final determination of compliance is subject to review and approval by Nasdaq.

Nasdaq’s letter has no immediate impact on the listing of the Company’s ordinary shares, which will continue to be listed and traded on the Nasdaq Capital Market, subject to the Company’s compliance with the other continued listing requirements. Nasdaq’s letter provides the Company with 45 calendar days, or until July 10, 2026, to either confirm compliance or submit a plan to regain compliance. If the Company is not deemed to have regained compliance and instead submits a plan to regain compliance and the plan is accepted, the Company may be granted up to 180 calendar days from May 26, 2026 (or until November 20, 2026), to evidence compliance. In the event the plan is not accepted by Nasdaq or, in the event the plan is accepted and the extension granted but the Company fails to regain compliance within the plan period, the Company would have the right to a hearing before a panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance that, if the Company does appeal any delisting determination by Nasdaq to a panel, that such appeal would be successful.

While the Company believes it now is compliance, in the event Nasdaq determines it is not in compliance, the Company will take all reasonable measures available to regain compliance under the Nasdaq Listing Rules and remain listed on Nasdaq. The Company is currently evaluating its available options to regain compliance with the Nasdaq Listing Rule 5550(b)(1) and intends to submit evidence of compliance by the deadline set by Nasdaq, and if that is not accepted, than will submit a plan to regain compliance by the deadline set by Nasdaq. However, there can be no assurance that Nasdaq will determine that the Company will be in compliance nor that the Company's plan will be accepted by Nasdaq, and that it be able to regain compliance with Nasdaq Listing Rule 5550(b)(1), maintain compliance with the other Nasdaq listing requirements or be successful in appealing any delisting determination.

About Fitness Champs Holdings Limited

Fitness Champs Holdings Limited is a distinguished aquatic sports education provider, offering general swimming lessons to children and adults, with ladies-only swimming lessons available, as well as aquatic sports classes such as competitive swimming and lifesaving. The Company is one of the largest providers of swimming lessons to children enrolled in public schools under the Ministry of Education of Singapore in Singapore through the SwimSafer program, and has been offering private swimming lessons to children, youths and adults under its brand “Fitness Champs” since 2012. The Company aims to make swimming an enjoyable and affordable sport for children and adults, for water safety and as a way of keeping fit and healthy. Fitness Champs also plans to grow into a diversified sports education provider by expanding its offerings to include other sports such as pickleball. For more information, please visit the Company’s website at https://ir.fitnesschamps.sg/ .

For investor and media inquiries, please contact:

Email: [email protected]