RegulatoryMay 19, 2026, 04:07 PM
Alps Group receives Nasdaq delisting warning for bid price non-compliance
AI Summary
Alps Group Inc. announced it received a letter from Nasdaq on May 15, 2026, notifying the company of non-compliance with the minimum bid price requirement of $1.00 per share for 30 consecutive business days. The company has 180 calendar days, until November 11, 2026, to regain compliance. This notification does not immediately affect the listing or trading of its shares or its business operations, and the company is evaluating options to cure the deficiency.
Key Highlights
- Alps Group received a Nasdaq notification for non-compliance with the minimum bid price rule.
- The company's ordinary shares closed below $1.00 for 30 consecutive business days.
- Nasdaq Listing Rule 5450(a)(1) requires a minimum bid price of $1.00 per share.
- Alps Group has 180 calendar days, until November 11, 2026, to regain compliance.
- Non-compliance has no immediate effect on listing, trading, or business operations.
- The company may be eligible for an additional 180-day compliance period.
- Alps Group is evaluating options, including a potential reverse stock split, to regain compliance.
Price Impact
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