Black Titan Corporation Announces Receipt of Nasdaq Non-Compliance Notice
Black Titan’s shares remain trading on Nasdaq but face a bid-price deficiency deadline of March 1, 2027 to regain compliance.
Rhea-AI Summary
Black Titan Corporation (BTTC) has received a Nasdaq notice dated September 2, 2026 stating it no longer meets the minimum $1.00 bid price requirement for continued listing on The Nasdaq Capital Market.
The deficiency is based on BTTC’s closing bid price over 30 consecutive business days from July 22, 2026 through September 1, 2026. The notice does not immediately affect the listing or trading of BTTC shares, which will continue under the symbol “BTTC” if other listing standards are maintained. Black Titan has 180 calendar days, until March 1, 2027, to regain compliance by maintaining a closing bid of at least $1.00 for a minimum of 10 consecutive business days. The company may qualify for an additional 180-day period if certain conditions are met and states it is evaluating options to restore compliance.
Positive
- 180-day compliance window granted until March 1, 2027 to cure bid-price deficiency
- BTTC shares continue to trade on Nasdaq under the “BTTC” symbol with no immediate listing impact
- Possible additional 180-day compliance period if Nasdaq conditions are satisfied
Negative
- BTTC fails Nasdaq $1.00 minimum bid requirement based on 30 consecutive business days
- Risk of Nasdaq delisting if bid price compliance is not regained within allowed periods
- Company notes no assurance it can regain compliance or secure a second compliance period
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Sep 02 | Note conversion | Positive | +3.7% | Full conversion eliminated remaining obligations under the senior unsecured convertible note. |
| Aug 19 | Stablecoin research | Neutral | +0.1% | Research note discussed stablecoin utilization and machine-native payment activity. |
| Aug 14 | Digital-asset research | Neutral | -4.0% | Research note covered institutional digital-asset lending infrastructure developments. |
| Jul 21 | Growth investment | Positive | +2.4% | Cash deployment supported Southeast Asia expansion and commercial hiring initiatives. |
| Jun 23 | Crypto payments research | Neutral | +1.3% | Research note examined emerging stablecoin payment infrastructure and adoption requirements. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news reactions were mostly positive despite mixed subject matter, with one notable negative reaction.
Key Terms
minimum bid price requirement regulatory
closing bid price financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK CITY, NY / ACCESS Newswire / September 4, 2026 / Black Titan Corporation (Nasdaq:BTTC) ("Black Titan" or the "Company") today announced that on September 2, 2026, it received a written notification (the "Nasdaq Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, based upon the closing bid price of the Company's ordinary shares for the 30 consecutive business days from July 22, 2026 through September 1, 2026, the Company no longer meets the minimum bid price requirement of
The Nasdaq Notice has no immediate effect on the listing or trading of the Company's ordinary shares on The Nasdaq Capital Market, and the Company's ordinary shares will continue to trade under the symbol "BTTC," subject to the Company's compliance with the other continued listing requirements of Nasdaq.
In accordance with Nasdaq Listing Rule 5810(c)(3), the Company has been provided a compliance period of 180 calendar days, or until March 1, 2027, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company's ordinary shares must be at least
The Company is working diligently to evaluate its available options to regain compliance with the minimum bid price requirement within the allotted compliance period. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement during the initial compliance period, secure a second compliance period, or maintain compliance with the other continued listing requirements of Nasdaq.
About Black Titan Corporation
Black Titan Corporation (NASDAQ: BTTC), through its subsidiary TalenTec Sdn Bhd, is a provider of human capital management ("HCM") and enterprise resource planning ("ËRP") solutions across Southeast Asia, distributing and supporting enterprise HCM and ERP and financial software platforms alongside related consulting, implementation, training, and continuing support services. The Company serves clients across financial institutions, manufacturing, utilities, higher education, and other sectors, and is expanding its regional presence to support growing demand for HCM and ERP solutions.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company's ability to regain compliance with Nasdaq's minimum bid price requirement, the Company's eligibility for any additional compliance period, the Company's evaluation and implementation of available options to regain compliance, including a potential reverse stock split, and the Company's ability to maintain compliance with Nasdaq's other continued listing requirements.
Forward-looking statements are based on current expectations, estimates, assumptions and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. These risks and uncertainties include, among others, the possibility that the Company may not regain or maintain compliance with Nasdaq's continued listing requirements within the applicable compliance period; that Nasdaq may not grant the Company an additional compliance period or may determine to delist the Company's ordinary shares; that the Company may be unable to obtain any approvals required for, or successfully implement, a reverse stock split; that a reverse stock split, if implemented, may not result in a sustained increase in the market price of the Company's ordinary shares; and the potential adverse effects of a delisting or reverse stock split on the liquidity, trading price and marketability of the Company's ordinary shares. Additional risks include market volatility, regulatory developments, dilution from future financings and other risks described in the Company's filings with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances occurring after the date of this press release, except as required by applicable law.
Media & Investor Contact
Brynner Chiam
Co-Chief Executive Officer
contact-us@blacktitancorp.com
SOURCE: Black Titan Corp
View the original press release on ACCESS Newswire