DeFi Technologies failed to meet Nasdaq’s $1 minimum bid requirement ahead of the September 1 deadline after DEFT closed at $0.6032 on August 31, making it impossible to achieve the required 10 consecutive business day streak at or above $1. Nasdaq will now determine whether the company qualifies for a second 180-day compliance period or faces a formal delisting notice. A share consolidation of up to 12-for-1, previously authorized by the board of directors, remains unused and represents the company’s primary mechanism to address the per-share price requirement.
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