Real Messenger Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency
Globenewswire·2026-03-16 11:15

Core Viewpoint - Real Messenger Corporation has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its class A ordinary shares have been below $1 for 30 consecutive business days [1][2]. Compliance Requirements - The company has a Compliance Period of 180 calendar days, until September 9, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days [2]. - If compliance is regained within this period, Nasdaq will confirm and close the matter. A reverse stock split may be implemented to achieve compliance, which must be completed no later than ten business days before the deadline [2]. Additional Compliance Period - If the company fails to regain compliance by September 9, 2026, it may be eligible for an additional 180 calendar days, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency [3]. - The company must also demonstrate that it can meet the continued listing requirements for market value of publicly held shares, among other standards [3]. Monitoring and Evaluation - The company is actively monitoring its closing bid price and evaluating options to regain compliance, including the potential for a reverse stock split [4].

Real Messenger Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency - Reportify