DelistingJul 2, 2026, 05:07 PM
FingerMotion Receives Nasdaq Delisting Notice for Bid Price
AI Summary
FingerMotion, Inc. received a deficiency letter from Nasdaq on June 30, 2026, for failing to meet the minimum $1.00 bid price requirement for its common stock. The company's stock traded below this threshold for 30 consecutive business days. FingerMotion has been granted 180 calendar days, until December 28, 2026, to regain compliance, which may involve a reverse stock split or sustained trading above $1.00.
Key Highlights
- FingerMotion received a deficiency letter from Nasdaq on June 30, 2026.
- The company's common stock traded below the minimum $1.00 bid price for 30 consecutive business days.
- This violates Nasdaq Listing Rule 5550(a)(2), the Minimum Bid Price Requirement.
- FingerMotion has 180 calendar days, until December 28, 2026, to regain compliance.
- Compliance requires the stock to close at $1.00 or more for at least 10 consecutive business days.
- The company may consider a reverse stock split to regain compliance.
- A second 180-day compliance period may be granted if certain conditions are met.
Price Impact
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