DeFi Technologies, a Toronto-based fintech firm, has been issued a notice by the Nasdaq Stock Market due to its shares trading below the exchange's minimum bid price of $1.
The company's share price has declined significantly in recent months, falling from above $2.50 last year to around $0.67 as of TradingView data.
Nasdaq's Listing Rule 5550(a)(2) requires listed companies to maintain a closing bid price of at least $1 per share. DeFi Technologies has been granted a 180-calendar-day compliance period, ending on September 1, 2026, during which time the company must achieve a closing share price of $1 or higher for at least 10 consecutive business days.
Failure to meet this requirement may lead to additional measures, including potential delisting procedures. Companies in similar situations often pursue reverse stock splits to increase their share price and regain compliance with exchange requirements.