DeFi Technologies Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

Executive Summary

• DeFi Technologies Inc. received a Nasdaq notification that its common share price has been below the $1.00 minimum bid price for 30 consecutive trading days, triggering a listing deficiency under Nasdaq Rule 5550(a)(2).
• The company has a 180‑day compliance period (until September 1, 2026) to regain compliance by achieving a closing bid price of at least $1.00 for ten consecutive business days; failure may lead to delisting or a second compliance period with additional requirements.

Key Details

• Deficiency Trigger: Closing bid price < $1.00 for 30 straight business days as of March 4, 2026.
• Nasdaq Rule Cited: Listing Rule 5550(a)(2) – Minimum Bid Price Requirement.
• Initial Compliance Period: 180 calendar days (until September 1, 2026).
• Compliance Remedy Required: Closing bid price ≥ $1.00 for a minimum of ten consecutive business days (Nasdaq may extend to up to 20 days at its discretion).
• Potential Second Compliance Period: If the first period ends without cure, the company may receive an additional 180‑day period, provided it meets all other Nasdaq Capital Market requirements (except bid price) and notifies Nasdaq of its intent to cure, possibly via a reverse stock split.
• Delisting Risk: Should the company be ineligible for a second period or fail to cure during it, Nasdaq may delist DEFT’s shares; the company could appeal but there is no assurance of success.
• Current Trading Status: The deficiency notice has no immediate effect on trading; DEFT shares continue to trade uninterrupted on Nasdaq.
• Company Statement: DeFi Technologies will monitor its share price and consider options to regain compliance, though it cannot guarantee success.

Notable Quotes

(No direct quotes were provided in the release.)