regulatory
confidence high
sentiment negative
materiality 0.70
Janover receives Nasdaq deficiency notice for bid price below $1.00
DeFi Development Corp.
- Nasdaq notified Janover on July 16, 2024, that bid price closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until January 13, 2025, to regain compliance with Bid Price Rule.
- If bid price closes at $1.00 or more for 10 consecutive days before deadline, Nasdaq will confirm compliance.
- Non-compliance by deadline may allow an additional 180-day period if other listing standards are met and a reverse stock split is considered.
- Company is evaluating options; no immediate delisting and stock continues trading under JNVR.