Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 30

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 3
Chunk 30
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Any of these factors may result in large and sudden
changes in the volume and price at which the ordinary shares will trade.

In the past, shareholders of public companies
have often brought securities class action suits against those companies following periods of instability in the market price of their
securities. If we were involved in a class action suit, it could divert a significant amount of our management’s attention and other
resources from our business and operations and require us to incur significant expenses to defend the suit, which could harm our results
of operations. Any such class action suit, whether or not successful, could harm our reputation and restrict our ability to raise capital
in the future. In addition, if a claim is successfully made against us, we may be required to pay significant damages, which could have
a material adverse effect on our financial condition and results of operations. Volatility in the market price of our ordinary shares
may also prevent investors from being able to sell their shares at or above the price at which they acquired our shares. As a result,
you may suffer a loss on your investment.

We may not be able to maintain a listing
of our ordinary shares on Nasdaq.

We must meet certain financial and liquidity criteria
to maintain the listing of our ordinary shares on Nasdaq. If we fail to meet Nasdaq’s continued listing requirements, our ordinary
shares may be delisted.

On June 25, 2024, the Company received a written
notification letter from Nasdaq Stock Market (“ Nasdaq”), notifying the Company that it was not in compliance with the minimum
bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price
of US$1.00 per share. In May 2025, the Company approved a one-for-fifteen reverse share split of the Company’s issued and unissued
ordinary shares. On June 17, 2025, the Company was notified by Nasdaq that it had regained compliance with the minimum bid price requirement
for continued listing on Nasdaq. We cannot assure you that the Company will continue to comply with the requirements for continued listing
on the Nasdaq in the future.

In addition, our board of directors may determine
that the cost of maintaining our listing on a national securities exchange outweighs the benefits of such listing. A delisting of our
ordinary shares from Nasdaq may materially impair our shareholders’ ability to buy and sell our ordinary shares and could have an
adverse