DeFi Technologies Inc. has received a notice from Nasdaq Stock Market after its share price remained below the exchange’s minimum bid requirement of $1 for 30 consecutive business days.
In a statement released on 6 March, the Toronto-based fintech firm said Nasdaq informed the company that it no longer meets the minimum bid price rule under Listing Rule 5550(a)(2).
The rule requires companies listed on the Nasdaq Capital Market to maintain a closing bid price of at least $1 per share.
The notice does not immediately affect the listing or trading of DeFi Technologies’ common shares, which continue to trade on Nasdaq under the ticker DEFT.
Company given 180 days to regain compliance
Under Nasdaq rules, DeFi Technologies has been granted a 180-calendar-day compliance period, ending on 1 September 2026.
To meet the requirement, the company’s closing share price must reach $1 or higher for at least 10 consecutive business days. However, Nasdaq may require up to 20 consecutive trading days before confirming compliance.
If the company fails to regain compliance within that timeframe, it may qualify for an additional 180-day extension, provided it meets other continued listing standards and submits a plan to address the deficiency.
Companies in similar situations often pursue measures such as reverse stock splits to increase the share price and meet exchange requirements.
Shares have fallen sharply in recent months
The notice follows a prolonged decline in the company’s stock price. Shares of DeFi Technologies have fallen significantly from levels above $2.50 last year, recently trading around $0.67, according to TradingView data.
Source: TradingView
The drop pushed the stock below Nasdaq’s $1 threshold earlier this year, triggering the deficiency notice after the price remained under the limit for 30 consecutive trading days.
DeFi Technologies said it will continue monitoring its share price. They may consider available options to restore compliance with Nasdaq’s listing standards.
Crypto-linked public firms face equity pressure
DeFi Technologies positions itself as a financial technology company focused on bridging traditional capital markets with decentralized finance.
The firm provides investment products and infrastructure designed to give traditional investors exposure to digital assets and DeFi-related opportunities.
While the Nasdaq notice is procedural and does not affect current trading, the company must lift its share price above the exchange’s minimum bid requirement before the September deadline to avoid further compliance action.
Final Summary
- DeFi Technologies received a Nasdaq notice after its share price remained below the exchange’s $1 minimum bid requirement for 30 consecutive trading days.
- The company has until 1 September 2026 to regain compliance or face potential delisting procedures.
Source: https://ambcrypto.com/defi-technologies-gets-nasdaq-warning-after-shares-fall-below-1/
