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Fast Track Group (NASDAQ:FTG) disclosed that it received a notification from the Nasdaq Stock Market on Monday, indicating that the company no longer meets the minimum market value of listed securities (MVLS) requirement. According to a press release statement, the Nasdaq Listing Qualifications staff determined that Fast Track Group’s MVLS was below the $35 million minimum set by Nasdaq Listing Rule 5550(b)(2) during the period from June 27 to August 8.
Nasdaq has granted the company a 180-day compliance period, ending February 9, 2026, to regain compliance with the listing standard. If Fast Track Group does not meet the MVLS requirement by that date, Nasdaq will provide a notice that the company’s securities will be subject to delisting from the exchange.
The company stated that it is evaluating options to restore compliance and intends to make reasonable efforts to meet the MVLS standard within the allotted timeframe. Fast Track Group also noted that there is no assurance it will be able to regain compliance with Rule 5550(b)(2) or fulfill other Nasdaq continued listing requirements.
This information is based on a press release statement and a recent SEC filing.
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