DelistingApr 20, 2026, 07:52 PM
Oriental Rise (ORIS) Receives Nasdaq Delisting Notice
AI Summary
Oriental Rise Holdings Limited announced it received a staff determination letter from Nasdaq on April 15, 2026, notifying the company of its decision to delist its ordinary shares. The delisting is due to the company's closing bid price falling below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). Due to a 1-for-20 reverse stock split on December 30, 2025, the company is not eligible for the standard 180-calendar day compliance period. Oriental Rise intends to request a hearing before the Nasdaq Hearings Panel by April 22, 2026, which will stay the suspension of its securities.
Key Highlights
- Received Nasdaq delisting letter on April 15, 2026.
- Bid price below $1.00 for 30 consecutive business days.
- Ineligible for compliance period due to 1-for-20 reverse split on Dec 30, 2025.
- Trading suspension set for April 24, 2026, if no appeal.
- Company intends to request a hearing by April 22, 2026.