FAST TRACK GROUP Granted 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Requirement

FAST TRACK GROUP (NASDAQ: FTRK) said it received a 180-day extension from the Nasdaq Listing Qualifications Department to regain compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

Rhea-AI Summary

FAST TRACK GROUP (NASDAQ: FTRK) said it received a 180-day extension from the Nasdaq Listing Qualifications Department to regain compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

The Company has until August 10, 2026 to achieve a closing bid of at least $1.00 per share for a minimum of 10 consecutive business days to regain compliance. The company cautioned there is no assurance it will meet the requirement.

Positive

• Received a 180-day Nasdaq extension to regain compliance
• Compliance deadline set for August 10, 2026
• Regain condition: $1.00 closing bid for 10 consecutive business days

Negative

• Currently not meeting Nasdaq $1.00 minimum bid listing requirement
• Company stated no assurance it will regain compliance within extension

Argus Feb 12 session

-1.89% close to close 0.1x rel. volume Open Argus

Details

News Market Reaction – FTRK

On Feb 12, the day this news came out, FTRK closed 1.89% below the previous close.

Data tracked by StockTitan Argus for the Feb 12 session.

Key Figures

Extension period: 180 days Minimum bid price: $1.00 per share Compliance deadline: August 10, 2026 +1 more

Extension period

180 days

Additional Nasdaq period to regain $1.00 minimum bid compliance

Minimum bid price

$1.00 per share

Nasdaq Listing Rule 5550(a)(2) requirement

Compliance deadline

August 10, 2026

Final date to regain Nasdaq minimum bid price compliance

Compliance window

10 business days

Required consecutive days with closing bid at or above $1

Historical Context

5 past events · Latest: Jan 27

5 events

1. Jan 27

   Artist management MoU

   24h Move

   +6.7%

   KIIRAS MoU positioning subsidiary as global commercial representative for K-pop group.

2. Jan 20

   Corporate rebrand

   24h Move

   +11.2%

   Rebrand to Fast Track Entertainment signaling broader entertainment platform strategy.

3. Jan 13

   Earnings update

   24h Move

   -7.7%

   Revenue jump but higher expenses driving net loss of about $1.5 million.

4. Dec 11

   Strategic partnership

   24h Move

   +9.4%

   CloudX Entertainment partnership to expand celebrity and influencer campaign offerings.

5. Nov 18

   Brand activation project

   24h Move

   -13.4%

   Completion of Dongfeng EV launch campaign featuring Jessica Jung in Singapore.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nasdaq listing rules 5550(a)(2), minimum bid price requirement, closing bid price, nasdaq listing qualifications department

4 terms

nasdaq listing rules 5550(a)(2) regulatory

"requirement set forth in Nasdaq Listing Rules 5550(a)(2) (the “Minimum Bid Price Requirement”)"

Nasdaq Listing Rule 5550(a)(2) is a Nasdaq Capital Market standard that sets a minimum share-price requirement companies must meet to list their common stock on that market. Think of it as a minimum entrance score for a club: if a stock trades below the required price, the company can face warnings or removal, which matters to investors because it affects liquidity, tradability and perceptions of company stability.

minimum bid price requirement regulatory

"to regain compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rules 5550(a)(2)"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

closing bid price financial

"If at any time during the extension period the closing bid price of the Company’s security is at least $1 per share"

The closing bid price is the last price that a buyer was willing to pay for a security at the end of the trading day. It reflects the final visible demand for the stock — like the last offer someone makes for a used car before a yard closes — and helps investors gauge market interest, set valuations, and mark portfolios to market for that day.

nasdaq listing qualifications department regulatory

"received an additional 180-day extension period from the Nasdaq Listing Qualifications Department"

The Nasdaq Listing Qualifications Department is the team at the Nasdaq stock market that monitors whether listed companies meet the exchange’s rules for things like minimum share price, market value, timely financial reporting and governance. Its role matters to investors because its notices, warnings or enforcement actions—ranging from reminders to suspension or delisting—can sharply affect a stock’s trading, liquidity and perceived risk; think of it as the referee enforcing the marketplace’s entry and conduct rules.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SINGAPORE, Feb. 12, 2026 (GLOBE NEWSWIRE) -- FAST TRACK GROUP (NASDAQ: FTRK) ("Fast Track" or the "Company"), a leading entertainment-focused event management and celebrity agency company, announced it has received an additional 180-day extension period from the Nasdaq Listing Qualifications Department (the “Nasdaq Staff”) to regain compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rules 5550(a)(2) (the “Minimum Bid Price Requirement”).

The Company has until August 10, 2026 to meet the Minimum Bid Price Requirement. If at any time during the extension period the closing bid price of the Company’s security is at least $1 per share for a minimum of 10 consecutive business days, the Nasdaq Staff will provide the Company with written confirmation of compliance, and the matter will be closed. There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement, even if it maintains compliance with the other listing requirements.

About FAST TRACK GROUP
FAST TRACK GROUP (Nasdaq: FTRK) is a leading entertainment-focused event management and celebrity agency company. Since inception in Singapore in 2012, the Company has expanded across Asia Pacific, earning a reputation for being the preferred partner for event and endorsement organizers in the region. FAST TRACK GROUP goes beyond traditional event management, offering value-added services such as technical production planning, celebrity sourcing, celebrity engagement consultancy and event manpower support, all tailored to the highest standards.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company's final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company's securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

Investor Relations
Gateway Group, Inc.
949-574-3860
FTRK@gateway-grp.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What extension did FAST TRACK GROUP (FTRK) receive from Nasdaq on February 12, 2026?

The company received a 180-day extension to regain compliance with the $1.00 minimum bid rule. According to the company, the extension runs until August 10, 2026 to meet Nasdaq Listing Rule 5550(a)(2).

How can FTRK regain compliance with the Nasdaq minimum bid price requirement?

FTRK must have a closing bid of at least $1.00 for 10 consecutive business days to regain compliance. According to the company, Nasdaq will confirm compliance in writing once that condition is met.

What is the deadline for FAST TRACK GROUP (FTRK) to meet Nasdaq's minimum bid requirement?

The company has until August 10, 2026 to meet the minimum bid price requirement. According to the company, the 180-day extension was granted by the Nasdaq Listing Qualifications Department.

Will Nasdaq immediately delist FTRK if the $1.00 bid condition is not met during the extension?

Not necessarily; the extension gives 180 days to regain compliance but does not guarantee continued listing. According to the company, there is no assurance it will regain compliance even with the extension.

What happens after FTRK achieves the $1.00 closing bid for 10 consecutive business days?

Nasdaq will provide written confirmation that the company is back in compliance and the matter will be closed. According to the company, that written confirmation is the formal close of the deficiency.