Bit Origin Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement

Core Viewpoint - Bit Origin Ltd has been granted an additional 180-calendar-day compliance period by Nasdaq to regain compliance with the minimum bid price requirement, extending the deadline to February 16, 2026 [1][4]. Compliance Status - On February 21, 2025, Nasdaq notified Bit Origin that it did not meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days [2]. - The initial compliance period of 180 days ended on August 20, 2025 [2]. Conditions for Compliance - To regain compliance, Bit Origin's ordinary shares must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the new compliance period [4]. - If compliance is not achieved by February 16, 2026, Nasdaq will notify the company of potential delisting, although the company has the right to appeal this decision [4]. Current Trading Status - The notification from Nasdaq does not affect the current listing or trading of Bit Origin's ordinary shares, which will continue to trade under the symbol "BTOG" [5]. Company Overview - Bit Origin Ltd is an emerging growth company focused on deploying blockchain technologies and pursuing diversified expansion strategies [5].