Nasdaq gives DeFi Technologies (NASDAQ: DEFT) more time to meet $1 share-price rule, extending its delisting clock

DeFi Technologies gets 180-day Nasdaq bid extension

DeFi Technologies Inc. (DEFT) reports that Nasdaq has granted an additional 180-calendar-day period, until March 1, 2027, to regain compliance with the US$1.00 minimum bid <a href="https://xpertsstudio.com/ripple-price-forecast-xrp-rises-as-200/” title=”Ripple Price Forecast: XRP rises as 200″>price requirement under Nasdaq Listing Rule 5550(a)(2).

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

DeFi Technologies Inc. (DEFT) reports that Nasdaq has granted an additional 180-calendar-day period, until March 1, 2027, to regain compliance with the US$1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company states it meets all other initial listing standards for The Nasdaq Capital Market, apart from the minimum bid price.

The company notes there is no immediate effect on the listing or trading of its common shares, which continue to trade on The Nasdaq Capital Market under the symbol DEFT. DeFi Technologies plans to monitor its closing bid price and evaluate options to cure the deficiency, while cautioning that there can be no assurance it will regain or maintain compliance.

Positive

• None.

Negative

• The company remains out of compliance with Nasdaq’s US$1.00 minimum bid price rule and warns there is no assurance it will regain compliance or continue to meet Nasdaq listing requirements, highlighting an ongoing delisting risk.

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