FingerMotion receives Nasdaq minimum-bid-price deficiency notice
FingerMotion received a deficiency letter from Nasdaq on June 30, 2026, notifying the company that its common stock closing bid price has fallen below the $1.00 minimum required for continued listing on The Nasdaq Capital Market. The company has until December 28, 2026, to regain compliance; if the bid price closes at $1.00 or above for ten consecutive business days before that date, Nasdaq will provide written confirmation of compliance. If compliance is not achieved by the deadline, the company may qualify for a second 180-day compliance period or face a delisting determination, which it could appeal to a Hearings Panel.
Key facts
- Deficiency letter received June 30, 2026, from Nasdaq Listing Qualifications Department
- Closing bid price has been below $1.00 per share for 30 consecutive business days
- Compliance Date of December 28, 2026 — 180 calendar days to regain compliance
- Ten consecutive business days at $1.00 or higher closes out the deficiency
- Nasdaq Listing Rule 5550(a)(2) and Rule 5810(c)(3)(A)
- Company may implement reverse stock split no later than 10 business days prior to Compliance Date
- If no compliance by deadline, company may qualify for second 180-day period if it meets market-value and other initial listing standards
- Staff delisting determination may be appealed to a Hearings Panel
Why it matters
FingerMotion has 180 days to restore its stock price above $1.00 or pursue alternative remedies such as a reverse split; failure to do so within that window and any granted extension period would trigger a delisting determination that could remove the company from Nasdaq trading.
Share
Derived from 8-K filed 2026-07-02. Not investment advice. View the source filing on SEC.gov →