RegulatoryAug 13, 2026, 04:34 PM
MoneyHero Receives Nasdaq Delisting Notice for Bid Price Deficiency
AI Summary
MoneyHero Ltd announced it received a written notification from Nasdaq on August 7, 2026, stating that its ordinary shares no longer meet the minimum bid price requirement. The company's closing bid price had been below US$1.00 for 30 consecutive business days. MoneyHero has an initial compliance period of 180 calendar days, until February 3, 2027, to regain compliance. The company is actively exploring options to address the situation, noting that the notice does not affect its business operations or reporting obligations.
Key Highlights
- MoneyHero received a Nasdaq Deficiency Letter on August 7, 2026.
- The notice indicates the company's closing bid price was below US$1.00 for 30 consecutive business days.
- This violates Nasdaq Listing Rule 5450(a)(1) minimum bid price requirement.
- MoneyHero has an initial compliance period of 180 calendar days, until February 3, 2027.
- To regain compliance, the bid price must be at least US$1.00 for 10 consecutive business days.
- The company may be eligible for an additional 180-day period if it transfers to the Nasdaq Capital Market.
- Management is exploring options to regain compliance and states operations are unaffected.
Price Impact
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