regulatory
confidence high
sentiment negative
materiality 0.60
Alset gets Nasdaq minimum bid price notice; has until April 26, 2027, with 1-for-5 reverse split planned
Alset Inc.
- Nasdaq notified Alset on Oct. 28, 2026 that its closing bid price stayed below $1.00 for 30 consecutive trading days, breaching Rule 5550(a)(2).
- Company has 180 calendar days, until April 26, 2027, to regain compliance; requires 10 consecutive business days closing at or above $1.00.
- If not cured by April 26, 2027, Alset may qualify for a second 180-day period by meeting market value of publicly held shares and other initial listing standards.
- Company said it intends to effect a previously announced 1-for-5 reverse stock split and will announce the timing "in the immediate future."
- Notification has no immediate effect on listing; Alset may appeal any delisting determination, but there is no assurance Nasdaq would grant continued listing.