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Troops Inc., a company listed on the Nasdaq Stock Market, has received a notification of non-compliance from Nasdaq due to the company’s stock bid price falling below the minimum required threshold. The notice, dated May 1, 2025, indicates that Troops Inc. did not maintain the minimum bid price of $1 per share over the required period from March 18 to April 30, 2025, as stipulated by Nasdaq Listing Rules 5550(a)(2).
In response to this deficiency, Nasdaq has granted Troops Inc. a compliance period of 180 calendar days, ending on October 28, 2025, to meet the minimum bid price requirement. If the company fails to achieve compliance within this timeframe, it may be eligible for a second 180-day compliance period if it meets the market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the bid price requirement. Troops Inc. would need to provide a written notice of its intention to rectify the deficiency during this second period, potentially through a reverse stock split if necessary.
Should Troops Inc. be unable to remedy the bid price deficiency or if it does not meet other listing requirements, Nasdaq will issue a notice of delisting. The company has stated that it is currently evaluating options to regain compliance and intends to do so within the allotted time. However, there is no guarantee that Troops Inc. will be able to regain compliance with Rule 5550(a)(2) or meet other Nasdaq continued listing requirements.
This information is based on a press release statement from Troops Inc. and reflects the company’s current situation regarding Nasdaq’s continued listing standards.
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