The InterGroup Corporation Regains Compliance with Nasdaq Continued Listing Requirements
Rhea-AI Summary
The InterGroup Corporation (NASDAQ: INTG) has successfully regained compliance with Nasdaq's continued listing requirements. The company had previously received a non-compliance notice in November 2024 regarding the Market Value of Listed Securities Rule, which requires maintaining a market value of at least $35 million.
As of September 15, 2025, InterGroup demonstrated compliance for 11 consecutive business days, allowing it to continue trading on The Nasdaq Capital Market under the ticker symbol "INTG". CEO John V. Winfield expressed satisfaction with the compliance achievement and reaffirmed the company's commitment to executing its strategy for long-term shareholder value.
Positive
- Successfully regained Nasdaq listing compliance
- Maintained market value above $35 million for 11 consecutive business days
- Retained listing on Nasdaq Capital Market
Negative
- Previously faced delisting risk due to market value falling below $35 million requirement
News Market Reaction
On the day this news was published, INTG gained 1.26%, reflecting a mild positive market reaction. This price movement added approximately $484K to the company's valuation, bringing the market cap to $39M at that time.
Data tracked by StockTitan Argus on the day of publication.
Los Angeles, CA, Sept. 18, 2025 (GLOBE NEWSWIRE) -- The InterGroup Corporation (NASDAQ: INTG) (the “Company”) today announced that it has received a letter from The Nasdaq Stock Market, LLC (“Nasdaq”) confirming that it has regained compliance with Nasdaq Listing Rule 5550(b)(2) (the “Market Value of Listed Securities Rule”).
As previously disclosed, Nasdaq had notified the Company in November 2024 that it was not in compliance with the Market Value of Listed Securities Rule, which requires listed companies to maintain a market value of listed securities of at least
As a result, the matter is now closed, and the Company’s common stock will continue to be listed and traded on The Nasdaq Capital Market under the ticker symbol “INTG”.
“We are very pleased to have regained compliance and should be able to continue our listing on Nasdaq,” said John V. Winfield, Chairman of the Board, President and Chief Executive Officer. “InterGroup remains focused on executing its strategy and delivering long-term value for its shareholders.”
About The InterGroup Corporation
The InterGroup Corporation is a Delaware corporation formed in 1985. The Company’s business is real estate investment, including ownership and operation of apartment buildings, a hotel, and other income-producing properties, as well as securities and other investments.
Forward-Looking Statements
This press release may contain forward-looking statements about the Company’s business, financial condition, and prospects. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Contact:
Investor Relations
The InterGroup Corporation
1516 S. Bundy Drive, Suite 200
Los Angeles, CA 90025
Tel: (310) 889-2500
FAQ
What was the reason for INTG's previous Nasdaq non-compliance notice?
How did InterGroup Corporation regain Nasdaq compliance in 2025?
Will INTG continue trading on Nasdaq after regaining compliance?
Who is the current CEO of InterGroup Corporation?
