UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For
the month of May 2025.
Commission
File Number 001-41681
WANG
& LEE GROUP, Inc.
(Translation
of registrant’s name into English)
Mr.
Pui Lung Ho, Chief Executive Officer
5-6/F
Wing Tai Factory Building,
3
Tai Yip Street,
Kwun
Tong,
Kowloon,
Hong Kong
Telephone:
+852 2889 1313
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form
40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Nasdaq
Letter
WANG
& LEE Group, Inc. received a notice dated May 6, 2025, from the Listings Qualifications Department (the “Staff”) of The
Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share of its ordinary shares was
below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth
in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The Nasdaq notification letter does not result in the immediate
delisting of the Company’s ordinary shares, and the shares will continue to trade uninterrupted under the symbol “WLGS.”
Pursuant
to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until November
3, 2025 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time
during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum
of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.
In
the event the Company does not regain compliance by November 3, 2025, the Company may be eligible for an additional 180 calendar day
grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares
and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need
to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse
stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten (10)
business days prior to November 3, 2025, or the expiration of the second compliance period if granted.
This
information is being provided solely to comply with NASDAQ Listing Rules requiring public announcement of the Company’s receipt
of the letter from NASDAQ.
Exhibit
Index
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date:
May 7, 2025 |
WANG
& LEE GROUP, INC. |
|
|
|
|
By: |
/s/
Pui Lung Ho |
|
Name: |
Pui
Lung Ho |
|
Title: |
Chief
Executive Officer |
Exhibit 99.1

WANG
& LEE GROUP, Inc. Bid Price Deficiency
HONG
KONG - May 7, 2025 (GLOBE NEWSWIRE) — WANG & LEE GROUP, Inc. (NASDAQ: WLGS) (“W&L”, or the “Company”),
Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, today announced
that it received written notification on May 6, 2025, from The Nasdaq Stock Market LLC that it no longer complies with the minimum bid
price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2).
The
closing bid price for the Company’s ordinary shares had fallen below $1.00 per share for 30 consecutive business days and accordingly,
the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to
the Nasdaq Listing Rule 5550(a)(2). However the Nasdaq Listing Rules also provide the Company a compliance period of 180 calendar days
(i.e. by November 3, 2025) in which to regain compliance. If the Company chooses to implement a reverse stock split, it must complete
the split no later than ten business days prior to the November 3, 2025.
If
at any time during this 180-days period, the closing bid price of the Company’s ordinary shares is at least $1.00 for a minimum
of ten consecutive business days, the Company will be provided with written confirmation of compliance and the matter will be closed.
In
the event the Company does not regain compliance, it may be eligible for additional time. To qualify, the Company will be required to
meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq
Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the
deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements,
the Nasdaq will inform that Company that it has been granted an additional 180 calendar days. However if it appears to the Staff that
the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, its ordinary shares will be subject
to delisting.
The
Company is considering actions that it may take in response to this notification in order to regain compliance with the continued listing
requirements, but no decisions about a response have been made at this time.
About
WANG & LEE GROUP, Inc.
WANG
& LEE GROUP, Inc. is a Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical
Systems, which includes low voltage (220v/phase 1 or 380v/phase 3) electrical system, mechanical ventilation and air-conditioning system,
fire service system, water supply and sewage disposal system installation and fitting out for the public and private sectors. It is also
able to provide design and contracting services to all trades in the construction industry. Their clients range from small startups to
large companies.
Cautionary
Note Regarding Forward-Looking Statements
This
press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements
regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which
may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,”
“anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,”
“hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking
statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer
acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners,
the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products
and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with
the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the
date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release,
except in accordance with applicable law.
For
more information on the companies, please log on to
WANG
& LEE GROUP, Inc.: https://www.wangnleegroup.com/
Email:
ir@wangnlee.com.hk
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