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Currenc Group Inc. (NASDAQ:CURR) announced Monday it received two notifications from The Nasdaq Stock Market LLC stating the company is not in compliance with Nasdaq Listing Rules 5450(a)(1) and 5450(b)(2)(A). According to a statement based on a recent SEC filing, during the 30 consecutive business days from May 14, 2025, through June 27, 2025, Currenc Group’s ordinary shares did not maintain the minimum closing bid price of $1.00 per share and did not meet the minimum $50 million market value of listed securities required for continued listing on the Nasdaq Global Market.
Nasdaq has granted Currenc Group a 180-calendar-day period, ending December 29, 2025, to regain compliance. To do so, the company’s shares must have a closing bid price of at least $1.00 and a market value of listed securities of at least $50 million for a minimum of ten consecutive business days during the compliance period.
The company stated that if it fails to regain compliance with the minimum closing bid price rule within the allotted period, it may apply for an additional compliance period, subject to Nasdaq’s determination and the company’s fulfillment of other listing requirements. The Nasdaq notices do not have an immediate effect on the listing or trading of Currenc Group’s ordinary shares, which will continue to trade under the symbol “CURR” as long as other continued listing requirements are met.
In the same SEC filing, Currenc Group disclosed several unregistered sales of equity securities. On June 27, 2025, the company issued 28,360,373 ordinary shares to nine creditors to fully satisfy $12,166,600 of unsecured obligations, as outlined in a Share Purchase Agreement dated June 15, 2025. Additionally, Currenc Group exchanged 518,934 warrants for 86,489 ordinary shares with Alta Partners, LLC, and issued 1,027,996 shares to Pine Mountain Holdings Limited upon conversion of a promissory note. The company also issued 81,818 shares to Roth Capital Partners (WA:CPAP), LLC to settle obligations under an engagement letter.
All information is based on statements provided in the company’s SEC filing.
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