DeFi Technologies Inc. has been warned by Nasdaq after its share price fell below the $1 minimum bid requirement for 30 consecutive business days. The Toronto-based fintech firm, trading under the ticker DEFT, must raise its share price to at least $1 for 10 consecutive days by September 1, 2026, to comply with Nasdaq's Listing Rule 5550(a)(2).
The company has experienced a significant decline in its stock price, dropping from over $2.50 last year to around $0.67 recently. DeFi Technologies is considering options to restore compliance, such as a reverse stock split, to avoid potential delisting. The notice does not immediately affect the trading of its shares, but the firm must act to meet Nasdaq's requirements.
DeFi Technologies Faces Nasdaq Delisting Risk Over Low Share Price
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