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2 clusters · 2 sources · 22 days · First seen · Last updated

Nasdaq compliance extensions for fintech firms

Overview

DeFi Technologies, a Toronto-based financial technology firm, has been granted a 180-day extension by Nasdaq to address its failure to meet the $1 minimum bid price requirement. The company received the extension after its common shares closed below $1 for 30 consecutive business days, causing the initial compliance window to expire on September 1, 2026.

To regain compliance, the company must ensure its closing bid price reaches at least $1.00 for a minimum of ten consecutive trading days before the new deadline in early March 2027. While the company remains eligible for this period by meeting other listing standards, it noted there is no guarantee it will meet the requirements within the additional timeframe.

Entities

Nasdaq · DeFi Technologies · Valour · The OLB Group, Inc.

Timeline

  1. 22 days ago

    [BUSINESS] 2 sources
    DeFi Technologies granted 180-day Nasdaq extension

    DeFi Technologies has received a 180-day extension from Nasdaq to regain compliance with the $1 minimum bid price requirement for its common shares.

  2. about 1 month ago

    [BUSINESS] 2 sources
    The OLB Group granted 180-day Nasdaq compliance extension

    The OLB Group has received a 180-day extension from Nasdaq to meet the $1.00 minimum bid price requirement, providing until January 25, 2027, to avoid potential delisting.

Sources

bitcoinethereumnews.com · blockchainreporter.net