Bowen Acquisition Corp Receives NASDAQ Notification of Non-Compliance with Listing Rules
The Company is working diligently to complete the Form 10-Q. If the Company is unable to file the Form 10-Q by July 28, 2025, it intends to file a plan to regain compliance with NASDAQ. This notification has no immediate effect on the listing of the Company's securities on NASDAQ. There can be no assurance, however, that the Company will be able to regain compliance with the listing requirements discussed above or otherwise satisfy the other NASDAQ listing criteria.
About Bowen Acquisition Corp
Bowen Acquisition Corp is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As previously disclosed, Bowen has entered into a definitive agreement for a business combination with Shenzhen Qianzhi BioTechnology Co., Ltd.
Forward Looking Statements
This press release includes certain 'forward-looking' statements, as that term is defined under the federal securities laws. Actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements generally are identified by the words or phrases such as 'aspire,' 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'will be,' 'will continue,' 'will likely result,' 'could,' 'should,' 'believe(s),' 'predicts,' 'potential,' 'continue,' 'future,' 'opportunity,' seek,' 'intend,' 'strategy,' or the negative version of those words or phrases or similar expressions are intended to identify such forward-looking statements. You should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, the Company assumes no obligation and does not intend to update any forward-looking statement to reflect events or circumstances after the date hereof.
For investor and media inquiries, please contact:
Jiangang LuoChief Executive Officer
[email protected]
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Media spending will likely grow with sales, but the main upside is in gross margin and SG&A leverage. Q: Why did you remove the net sales target but maintain the margin targets? A: Todd Cunfer, CFO: Achieving the 22% EBITDA margin requires low to mid-teens growth. If growth slows to 10% or lower, reaching 22% would be challenging due to lack of G&A leverage. We are confident in maintaining double-digit growth, but specific guidance will be provided later. Q: How are household penetration and buy rate trends affecting your business? A: Billy Cyr, CEO: The buy rate is currently above our long-term growth rate due to slower household penetration growth. Consumers are hesitant to trade up, impacting both new customer acquisition and existing customer spending. However, our premium product, Home Style Creations, is growing rapidly, indicating some consumers are still willing to trade up. 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