
RegulatoryJun 29, 2026, 06:07 AM
Orion Digital Receives Nasdaq Minimum Bid Price Deficiency Notice
AI Summary
Orion Digital Corp. announced it received a notification from Nasdaq on June 25, 2026, indicating a deficiency in its minimum bid price requirement. The company's shares traded below US$1.00 for 30 consecutive business days. Orion Digital has 180 calendar days, until December 22, 2026, to regain compliance, which requires its bid price to close at US$1.00 or more for at least ten consecutive business days. The company stated its business operations are not affected and it intends to resolve the deficiency.
Key Highlights
- Orion Digital received a Nasdaq notification on June 25, 2026, regarding minimum bid price deficiency.
- The company's common shares traded below the US$1.00 minimum bid price for 30 consecutive business days.
- Orion Digital has an initial 180-calendar-day period, until December 22, 2026, to regain compliance.
- Compliance requires the bid price to close at US$1.00 or more for a minimum of ten consecutive business days.
- The company may be eligible for an additional 180-day compliance period if it meets other listing standards.
- Orion Digital intends to monitor its share price and evaluate options to regain compliance.
- The notification has no immediate effect on the listing or trading of shares on Nasdaq or TSX.
- Business operations are not affected by the receipt of the Notification Letter.
Price Impact
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