RegulatoryMay 19, 2026, 04:18 PM
Alps Group Inc receives Nasdaq minimum bid price deficiency notice
AI Summary
Alps Group Inc announced it received a notification from The Nasdaq Stock Market LLC for non-compliance with the minimum bid price requirement. The company's ordinary shares traded below $1.00 for 30 consecutive business days. This notification does not immediately affect the listing or trading of its shares, and Alps Group has until November 11, 2026, to regain compliance. The company is evaluating options to address the deficiency and intends to comply, though there is no assurance of success.
Key Highlights
- Alps Group Inc received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement.
- The company's ordinary shares traded below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rules 5450(a)(1).
- The notification has no immediate effect on the listing or trading of the company's shares on Nasdaq.
- Alps Group has a compliance period of 180 calendar days, until November 11, 2026, to regain compliance.
- The company may be eligible for an additional 180 days if it meets certain criteria and intends to cure the deficiency.
- Alps Group is evaluating options to regain compliance, which may include a reverse stock split if necessary.
- Failure to regain compliance could lead to the delisting of the company's securities from Nasdaq.
Price Impact
More from ALPS