Bit Origin Ltd Regains Compliance with Nasdaq Minimum Bid Price Requirement
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Rhea-AI Summary
Bit Origin (NASDAQ: BTOG) announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2) after Nasdaq confirmed the company's Class A ordinary shares closed at $1.00 or greater for 14 consecutive business days from January 20, 2026, to February 6, 2026.
The company previously received a non-compliance notice on February 21, 2025; Nasdaq has closed the matter as of the February 9, 2026 notification letter.
Positive
- Regained Nasdaq compliance after 14 consecutive business days at $1.00+
- Nasdaq matter closed per February 9, 2026 notification letter
Negative
- Received non-compliance notice on February 21, 2025 for sub-$1.00 bid
- Share price remained below $1.00 for a 30-business-day period prior to notice
Key Figures
- Minimum bid price
- $1.00 per share
- Nasdaq Listing Rule 5550(a)(2) requirement for continued listing
- Deficiency period length
- 30 consecutive business days
- Period below $1.00 prior to Feb 21, 2025 deficiency notice
- Compliance confirmation window
- 14 consecutive business days
- Jan 20, 2026 to Feb 6, 2026 with closing bid at or above $1.00
Historical Context
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1-for-60 reverse split implemented to support Nasdaq minimum bid price compliance.
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Partnership with BitGo to secure and manage Dogecoin treasury holdings.
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Nasdaq granted 180-day extension to regain compliance with $1.00 bid rule.
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Private placement paid in DOGE expanded Dogecoin treasury above 70 million coins.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
AI-generated analysis. How Rhea-AI works. Not financial advice.
SINGAPORE, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Company”), today announced that it has received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) on February 9, 2026, confirming that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
On February 21, 2025, the Company was notified by Nasdaq that its Class A ordinary shares failed to maintain a minimum bid price of
“We are pleased to have successfully regained compliance with Nasdaq’s listing standards, confirming the effectiveness of our recent strategic actions,” said Jinghai Jiang, Chairman and Chief Executive Officer of Bit Origin. “Maintaining our Nasdaq listing is fundamental to our long-term strategy. We remain focused on executing our strategic initiatives and enhancing long-term value for our shareholders.”
About Bit Origin Ltd
Bit Origin Ltd (NASDAQ: BTOG) is an emerging growth company focused on digital asset innovation and blockchain-based strategies, including the development of its digital asset treasury initiatives and related ecosystem opportunities. For more information, please visit https://bitorigin.io.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timing and effects of the Reverse Stock Split and the Company’s ability to regain or maintain compliance with Nasdaq listing requirements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. The Company undertakes no obligation to update any forward-looking statements except as required by law.
Company Contact:
Bit Origin Ltd
Mr. Jinghai Jiang, Chairman and Chief Executive Officer
Email: ir@bitorigin.io
FAQ
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