DeFi Technologies Inc., a Toronto-based fintech firm, is facing scrutiny from the Nasdaq Stock Market after its share price dipped below the exchange's minimum bid requirement of $1.
The company received a notice from Nasdaq informing it that it no longer meets the minimum bid price rule under Listing Rule 5550(a)(2), which requires companies listed on the Nasdaq Capital Market to maintain a closing bid price of at least $1 per share.
Under Nasdaq rules, DeFi Technologies has been granted a 180-calendar-day compliance period, ending on September 1, 2026. To meet the requirement, the company's closing share price must reach $1 or higher for at least 10 consecutive business days. However, Nasdaq may require up to 20 consecutive trading days before confirming compliance.
Shares of DeFi Technologies have fallen sharply in recent months from levels above $2.50 last year to around $0.67, according to TradingView data. The company's stock price has been below the Nasdaq threshold for over a month, triggering the deficiency notice.