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HONG KONG - Mobile game developer DarkIris Inc. (NASDAQ:DKI) announced Friday it has received a deficiency notice from Nasdaq for failing to maintain the minimum required bid price of $1.00 per share. The company’s stock currently trades at $0.39, with a market capitalization of just $7.19 million.
The notice, received on November 18, followed a 30 consecutive business day period between October 7 and November 17, 2025, during which the company’s Class A Ordinary Shares closing bid price fell below the threshold required by Nasdaq Listing Rule 5550(a)(2). The stock has experienced a dramatic 92.59% decline over the past year and is currently trading near its 52-week low of $0.37.
DarkIris has been granted a compliance period of 180 calendar days, until May 18, 2026, to regain compliance with the minimum bid price requirement. The company can achieve compliance if its closing bid price reaches or exceeds $1.00 per share for a minimum of 10 consecutive business days during this period. InvestingPro data shows the stock is currently in oversold territory, with several additional ProTips available for subscribers analyzing this volatile stock.
If DarkIris fails to meet the requirement within the initial period, it may be eligible for an additional 180-day compliance period, provided it meets other Nasdaq Capital Market listing standards and provides written notice of its intention to cure the deficiency.
The Hong Kong-based company, which develops and publishes mobile games through third-party digital storefronts, stated that its business operations are not affected by the receipt of the notice. Despite its stock price struggles, DarkIris maintains a strong current ratio of 3.03, indicating its liquid assets exceed short-term obligations, and the company holds more cash than debt on its balance sheet.
According to the press release statement, DarkIris is "committed to actively addressing this matter" and is evaluating options to regain compliance, though there is no guarantee it will succeed in doing so. Despite market challenges, the company remains profitable with positive earnings over the last twelve months, and InvestingPro analysis suggests the stock may be undervalued based on its Fair Value assessment. Investors seeking deeper insights into companies facing similar challenges can access comprehensive financial health metrics and valuation tools through the most undervalued stocks screener.
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