SINGAPORE, May 14, 2025 — Primech Holdings Limited (Nasdaq: PMEC), a Singapore-based technology-driven facility services provider for both public and private sectors, announced today that Nasdaq has notified them on May 13, 2025, that they are once again compliant with the minimum bid price requirement (Nasdaq Listing Rule 5550(a)(2)) for continued listing on The Nasdaq Capital Market.

On May 14, 2024, Primech received notice from Nasdaq that it was not compliant with the minimum bid price rule because its ordinary share price remained below $1.00 for 30 consecutive business days. To regain compliance, the company needed to maintain a minimum closing bid price of $1.00 or higher for at least 10 consecutive trading days. This was achieved on May 12, 2025, the tenth consecutive trading day where the closing bid price of the company’s ordinary share exceeded $1.00. As a result, Nasdaq has closed the prior bid price deficiency matter.

Kin Wai Ho, CEO of Primech Holdings Limited, stated, “We are pleased to have regained compliance with Nasdaq’s listing standards. This demonstrates the resilience of our business model and the dedication of our team. We are committed to our growth plans to broaden our market presence in the facility services sector, especially with our AI-powered cleaning technologies.”

About Primech Holdings Limited

Primech Holdings Limited, headquartered in Singapore, is a leading provider of technology-driven facilities services to public and private sectors across Singapore. Primech Holdings offers a wide array of services designed to meet the diverse needs of its clients. These services include advanced general facility maintenance, specialized cleaning solutions such as marble polishing and facade cleaning, stewarding services, and targeted cleaning for offices and homes. Primech Holdings is known for its focus on sustainability and advanced technology, integrating eco-friendly practices and smart technology to improve operational efficiency and client satisfaction. This strategic approach establishes Primech Holdings as an industry leader and a proactive force in advancing industry standards and practices in Singapore and beyond. For more information, visit .

Forward-Looking Statements

This announcement contains certain forward-looking statements, including statements about the completion of the acquisition, anticipated revenues, growth, and expansion. These statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can identify many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Company Contact:
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Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:

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