regulatory
confidence high
sentiment negative
materiality 0.70
Alset receives Nasdaq delisting notice for bid price below $1.00; 180-day cure period
Alset Inc.
- Closing bid price below $1.00 for 30 consecutive trading days; fails Minimum Bid Price Requirement under Nasdaq Rule 5550(a)(2).
- Company has 180 calendar days, until November 10, 2025, to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not cured by Nov 10, Company may qualify for additional 180-day compliance period if other initial listing standards are met.
- Company intends to monitor bid price and consider available options, including a reverse stock split, to regain compliance.