RegulatoryJul 23, 2026, 09:37 AM
Real Messenger Receives Nasdaq Non-Compliance Notice for Bid Price
AI Summary
Real Messenger Corp announced it received a notification from Nasdaq on July 22, 2026, stating non-compliance with the minimum $1 bid price requirement. The company's class A ordinary shares traded below $1 for 30 consecutive business days. Real Messenger has 180 calendar days, until January 19, 2027, to regain compliance by maintaining a $1 bid price for at least 10 consecutive business days. The company is evaluating options, including a reverse stock split, and may be eligible for an additional compliance period.
Key Highlights
- Received Nasdaq notification on July 22, 2026, for non-compliance with minimum bid price rule.
- Closing bid price was below $1 per share for 30 consecutive business days (June 8 - July 21, 2026).
- Company has 180 calendar days, until January 19, 2027, to regain compliance.
- Must maintain a closing bid price of at least $1 for 10 consecutive business days.
- Company is evaluating options, including a reverse stock split, to regain compliance.
- May be eligible for an additional 180-day compliance period if certain conditions are met.
Price Impact
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