DelistingApr 20, 2026, 04:17 PM
Armlogi (BTOC) non-compliant with Nasdaq $5M MVPHS rule
AI Summary
Armlogi Holding Corp. (BTOC) received a notice from Nasdaq on April 17, 2026, indicating non-compliance with the continued listing rule requiring a minimum $5,000,000 Market Value of Publicly Held Shares (MVPHS). The company's MVPHS has been below this threshold for the past 30 consecutive business days. BTOC has a 180-day compliance period, until October 14, 2026, to regain compliance by having its MVPHS close at or above $5,000,000 for at least ten consecutive business days. Failure to do so could result in delisting, though the company may appeal or apply to transfer to The Nasdaq Capital Market.
Key Highlights
- Received Nasdaq notice on April 17, 2026, for non-compliance.
- Market Value of Publicly Held Shares (MVPHS) below $5,000,000 for 30 days.
- Has 180 calendar days, until October 14, 2026, to regain compliance.
- Must achieve $5,000,000 MVPHS for 10 consecutive business days.
- May apply to transfer to The Nasdaq Capital Market.