other material
confidence high
sentiment negative
materiality 0.75
Nasdaq notifies InterGroup of MVLS non-compliance; cure period to May 2025
INTERGROUP CORP
- Received Nasdaq Deficiency Letter on Nov 21, 2024 for MVLS below $35M from Oct 7 to Nov 20, 2024.
- Non-compliance with Listing Rules 550(b)(1) and 5550(b)(3) on Nasdaq Capital Market.
- Company has until May 20, 2025 to regain compliance by closing MVLS at $35M+ for 10 consecutive business days.
- Failure to cure may result in Nasdaq delisting proceedings.