SLGB is trading down 6.1% at approximately $0.62 following the announcement of a proposed share consolidation and a change in its independent auditor.
- The company proposed a share consolidation specifically aimed at regaining compliance with Nasdaq's listing requirements, following a May 1, 2026 deficiency notice.
- J&S Associate PLT resigned as the independent auditor effective June 19, 2026, with Privatco CPA Limited appointed for the 2026 fiscal year audit.
- Shareholders are set to vote on these proposals at the annual general meeting on July 10, 2026.