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mF International Limited (Nasdaq: MFI), a Hong Kong-based financial trading solutions provider, has launched an upgraded version of its mobile trading application, “Trader Pro.”
This platform is designed for bullion and forex brokers, enabling them to customize and deploy branded mobile trading platforms with unique logos and tailored color schemes.
The enhanced app features an advanced content management system for real-time financial analyses, trading guides, and market updates, as well as in-app advertising spaces for targeted marketing.
It supports 15 languages and integrates seamlessly with the company’s mF4 trading platform and other major trading systems. CEO Chi Weng (Dick) Tam stated that this upgrade represents a significant advancement, helping brokers scale and differentiate themselves in a competitive market.
mF International received 180-day extension from Nasdaq for minimum bid price rule
In addition to this development, mF International has recently received an additional 180-day extension from Nasdaq to regain compliance with the minimum bid price rule, following an initial notice of non-compliance in August 2024. The company faces significant challenges in meeting the $1.00 minimum bid requirement. This situation typically leaves companies with strategic options. Common compliance strategies include:
Reverse stock split – While this would mathematically increase the share price, it doesn’t address underlying business fundamentals
Business development initiatives to attract investor interest
Strategic transactions or restructuring to enhance value
The implications for investors are substantial. A potential delisting from Nasdaq would result in:
Reduced liquidity and wider bid-ask spreads
institutional investor access
Decreased analyst coverage
Potential migration to over-the-counter markets
While the company states this development doesn’t affect operations or SEC reporting requirements, the market typically views repeated bid price compliance extensions as a red flag. The July 28, 2025 deadline provides important time for strategic maneuvers, but historical patterns show that companies in similar situations often struggle to achieve sustainable compliance without significant operational improvements or corporate actions.
The company was also honored with the Good MPF Employer Award 2023-24 by the Mandatory Provident Fund Schemes Authority of Hong Kong, recognizing its commitment to employee retirement benefits.
Financially, mF International reported a revenue of HK$12.5 million (US$1.6 million) for the first six months of fiscal year 2024, ending June 30, 2024, reflecting an 11.9% decrease compared to the same period last year. The company completed its initial public offering in April 2024, raising approximately $7.5 million.
As of February 19, 2025, mF International’s stock price stands at $0.643, with a slight decrease of 0.01832% from the previous close.
