Darkiris Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

Core Viewpoint - DarkIris Inc. has received a deficiency letter from Nasdaq regarding non-compliance with the minimum bid price requirement for its Class A Ordinary Shares, which must be at least $1.00 per share for continued listing on the Nasdaq Capital Market [1][2]. Compliance Status - The deficiency notice does not immediately affect the listing status of the shares, and the company has a compliance period of 180 calendar days, until May 18, 2026, to regain compliance [2]. - If the closing bid price reaches or exceeds $1.00 per share for a minimum of 10 consecutive business days before the deadline, the company will be notified of compliance [2]. Additional Compliance Options - Should the company fail to regain compliance within the initial 180-day period, it may be eligible for an additional compliance period, provided it meets other listing requirements [3][4]. - To qualify for the additional period, the company must notify Nasdaq of its intention to cure the deficiency, potentially through a reverse stock split [4]. Business Operations - The receipt of the deficiency notice does not impact the company's business operations, and it remains committed to addressing the compliance issue [5]. - The company is actively monitoring the closing bid price and evaluating options to regain compliance with the minimum bid price requirement [5]. Company Overview - DarkIris Inc. is a technology enterprise based in Hong Kong, focused on the development, publishing, and operation of mobile digital games through various third-party digital storefronts [6]. - The company aims to create a diverse range of engaging mobile game genres for a global audience, leveraging the expertise of Hong Kong's gaming industry [6].