Real Messenger Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency

Rhea-AI Summary

Real Messenger (Nasdaq: RMSG) received a Nasdaq notice dated March 13, 2026, for failing to meet the $1.00 minimum closing bid requirement under Nasdaq Listing Rule 5550(a)(2).

The company has a 180-calendar-day compliance period through September 9, 2026 to regain compliance (10 consecutive business days at ≥ $1.00) or pursue a reverse stock split no later than ten business days before that date.

The notice is a deficiency letter only and does not affect current listing or trading while the company evaluates options.

Positive

• Has a full 180-day compliance period ending September 9, 2026
• Notice does not cause immediate delisting; trading continues
• May qualify for an additional 180-day cure period if criteria met

Negative

• Closing bid was below $1 for 30 consecutive business days (Jan 29–Mar 12, 2026)
• Risk of delisting if compliance is not regained by September 9, 2026
• May need a reverse stock split completed >10 business days before Sept 9, 2026

News Market Reaction – RMSG

-4.82%

6 alerts

-4.82% News Effect

+21.0% Peak in 26 hr 42 min

-$217K Valuation Impact

$4M Market Cap

0.0x Rel. Volume

On the day this news was published, RMSG declined 4.82%, reflecting a moderate negative market reaction. Argus tracked a peak move of +21.0% during that session. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $217K from the company's valuation, bringing the market cap to $4M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Minimum bid price: $1.00 per share Deficiency period: 30 consecutive business days Initial compliance period: 180 calendar days +5 more

8 metrics

Minimum bid price $1.00 per share Nasdaq Listing Rule 5550(a)(2) continued listing requirement

Deficiency period 30 consecutive business days Closing bid below $1 from Jan 29, 2026 to Mar 12, 2026

Initial compliance period 180 calendar days Deadline to regain compliance by <b>September 9, 2026</b>

Compliance trading requirement 10 consecutive business days Bid must be at least $1.00 during this period to regain compliance

Additional compliance period 180 calendar days Potential second period if initial conditions and listing standards are met

Share price $0.4361 Price before news, near 52-week low of $0.4022

52-week range $0.4022 – $5.46 Price <b>92.01%</b> below 52-week high before news

Market capitalization $4,321,433 Equity value before Nasdaq minimum price deficiency announcement

Market Reality Check

Price: $0.4450 Vol: Volume 64,061 is far belo...

low vol

$0.4450 Last Close

Volume Volume 64,061 is far below 20-day average 1,635,224 with relative volume at 0.04, suggesting muted pre-news trading interest. low

Technical Shares at 0.4361 are trading below the 200-day MA of 1.91, reflecting sustained technical weakness before the Nasdaq notice.

Peers on Argus

No peers were flagged in the momentum scanner and no sector-level movement data ...

No peers were flagged in the momentum scanner and no sector-level movement data is available, indicating the price action appeared stock-specific rather than sector-driven.

Market Pulse Summary

This announcement highlights that Real Messenger traded at $0.4361, well below Nasdaq’s $1.00 minimu...

Analysis

This announcement highlights that Real Messenger traded at $0.4361, well below Nasdaq’s $1.00 minimum bid requirement after 30 consecutive sub-threshold days. The company now faces a 180-day window, potentially extendable by another 180 days, to restore compliance, with a reverse stock split as one option. Combined with recent 20-F/A disclosures on internal control weaknesses, investors may focus on execution, governance remediation, and the ability to stabilize trading above the compliance threshold.

Key Terms

minimum closing bid price, nasdaq capital market, reverse stock split, market value of publicly held shares

4 terms

minimum closing bid price financial

"not in compliance with the requirement to maintain a minimum closing bid price of $1 per share"

A minimum closing bid price is the lowest share price a stock must register at market close—often set by an exchange or regulator and sometimes measured over a series of days—to keep the stock listed. Think of it like a minimum score a team must maintain to stay in a league; falling below it can trigger warnings, delisting risk, or corporate fixes such as reverse stock splits, and so it matters because it affects liquidity, investor access and the value and tradability of shares.

nasdaq capital market regulatory

"trading of the Company’s class A ordinary shares on the Nasdaq Capital Market at this time"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

reverse stock split financial

"If the Company chooses to implement a reverse stock split, it must complete the split"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

market value of publicly held shares financial

"required to meet the continued listing requirement for market value of publicly held shares"

The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.

AI-generated analysis. Not financial advice.

Costa Mesa, CA, March 16, 2026 (GLOBE NEWSWIRE) -- Real Messenger Corporation (“Real Messenger” or the “Company”) (Nasdaq: RMSG), an innovative chat-based platform reimagining real estate connections, today announced that it received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated March 13, 2026, notifying the Company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2), because the closing bid price of the Company’s class A ordinary shares was below $1 per share for the last 30 consecutive business days (i.e. from January 29, 2026 to March 12, 2026). The Nasdaq Letter is only a notification of deficiency. It does not result in the immediate delisting and has no current effect on the listing or trading of the Company’s class A ordinary shares on the Nasdaq Capital Market at this time.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until September 9, 2026 (the “Compliance Period”), to regain compliance with the minimum bid price requirement. To regain compliance with the minimum bid price requirement, the closing bid price of the Company’s class A ordinary shares must be at least $1.00 per share for a minimum of 10 consecutive business days at any time prior to the expiration of Compliance Period. If the Company regains compliance with the minimum bid price requirement within the Compliance Period, Nasdaq will provide the Company with written confirmation and will close the matter. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten business days prior to September 9, 2026 in order to regain compliance.

If the Company does not regain compliance by September 9, 2026, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting.

The Company is monitoring the closing bid price of its class A ordinary shares and evaluating options to regain compliance with the minimum bid price requirement, including by effecting a reverse stock split, if necessary. However, there can be no assurance that the Company will be able to timely regain or maintain compliance with Nasdaq’s continued listing requirement.

About Real Messenger Corporation

Real Messenger (Nasdaq: RMSG) is a real estate technology platform headquartered in Costa Mesa, CA. Founded in 2022, Real Messenger is transforming real estate engagement by connecting agents, buyers, sellers, and other industry participants within a unified, social platform. With users across 35 countries, Real Messenger’s primary reach is in the U.S., with notable growth in key markets such as the U.K. and Australia.

With over 1 million users, Real Messenger is building a vibrant global community, creating a dynamic space for real estate connections, insights, and experiences. In recognition of its impact, Real Messenger was named to the 2023 HousingWire Tech 100 list, and its CEO, Thomas Ma, was honored in Inman’s “Best of Proptech” awards in 2023.

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should” “would,” “plan,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this communication and on the current expectations of Real Messenger’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Real Messenger. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions.

If any of these risks materialize or Real Messenger’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Real Messenger does not presently know, or that Real Messenger currently believes are immaterial that could also cause actual results to differ from those contained in the forward- looking statements. In addition, forward-looking statements reflect Real Messenger’s current expectations, plans and forecasts of future events and views as of the date hereof. Nothing in this communication should be regarded as a representation by any person that the forward- looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein and the risk factors of Real Messenger described in Real Messenger’s Form 20-F initially filed with the SEC on July 31, 2025, as amended, including those under “Risk Factors” therein. Real Messenger anticipates that subsequent events and developments will cause its assessments to change. However, while Real Messenger may elect to update these forward-looking statements at some point in the future, Real Messenger specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Real Messenger’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts
Real Messenger Corporation
ir@real.co

FAQ

What did Nasdaq notify Real Messenger (RMSG) about on March 13, 2026?

Nasdaq notified Real Messenger that its closing bid price was below $1.00 for 30 consecutive business days. According to the company, this triggers a deficiency under Nasdaq Listing Rule 5550(a)(2) and starts a 180-calendar-day compliance period ending September 9, 2026.

How can RMSG regain compliance with Nasdaq’s minimum bid price requirement?

RMSG must achieve a closing bid of at least $1.00 for 10 consecutive business days before September 9, 2026. According to the company, regaining that price for the required period will prompt Nasdaq to close the matter in writing.

Can Real Messenger use a reverse stock split to cure the Nasdaq deficiency for RMSG?

Yes, a reverse stock split is an allowed cure but must be completed at least ten business days before September 9, 2026. According to the company, it is evaluating options including effecting a reverse split if necessary.

What happens if RMSG does not regain compliance by September 9, 2026?

If compliance is not regained, RMSG may be eligible for an additional 180-day period subject to Nasdaq conditions. According to the company, eligibility requires meeting market value and other initial listing standards except the bid price rule.

Does the Nasdaq notice affect trading of RMSG shares today?

No, the deficiency letter does not result in immediate delisting and has no current effect on listing or trading. According to the company, shares remain listed while it monitors the bid price and evaluates remedial actions.