regulatory
confidence high
sentiment negative
materiality 0.75
T Stamp gets 180-day extension to meet Nasdaq $1.00 bid price, regains compliance on equity rule
T Stamp Inc
- Nasdaq granted additional 180 days until April 28, 2025 to cure minimum bid price deficiency.
- Company still non-compliant as of Oct 30, 2024; must close at or above $1 for 10 consecutive days.
- May effect reverse stock split no later than ten business days before April 28, 2025 to regain compliance.
- Nasdaq also confirmed compliance with Listing Rule 5550(b)(1) after review of recent Form 8-K.
- Failure to maintain compliance could lead to delisting; company may appeal to Hearings Panel.