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Bit Origin (NASDAQ: BTOG) gets 180-day Nasdaq bid price extension

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Bit Origin Ltd. reports that Nasdaq has granted an additional 180-day period, until February 16, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. The company had previously failed to maintain a closing bid price of at least $1.00 for 30 consecutive business days and did not regain compliance by the original deadline of August 20, 2025.

The company’s ordinary shares will continue to trade on the Nasdaq Capital Market during this extension, as long as Bit Origin meets all other listing requirements. To regain compliance, the closing bid price must be at or above $1.00 per share for at least 10 consecutive business days during the new 180-day window. Bit Origin states it will use all reasonable efforts to achieve compliance but cautions there is no assurance it will succeed or remain in compliance with other Nasdaq criteria.

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Insights

Bit Origin gets more time to fix its Nasdaq bid price issue, avoiding immediate delisting risk.

Bit Origin Ltd. remains out of compliance with Nasdaq’s $1.00 per share minimum bid rule but has secured an additional 180 days, to February 16, 2026, to cure the deficiency. Compliance requires its ordinary shares to close at or above $1.00 for at least 10 consecutive business days within this window, under Nasdaq Listing Rule 5550(a)(2).

The notice explicitly states there is no immediate impact on trading; the shares continue on the Nasdaq Capital Market as long as other listing standards are met. This extension reduces near-term delisting pressure but keeps regulatory risk in place, since there is no assurance the company will regain or maintain compliance with Nasdaq criteria. Future company disclosures about measures to support the share price will help clarify how it plans to meet the 10-day threshold within the current extension period.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2025

 

Commission File Number: 001-38857

 

BIT Origin LTD.

(Translation of registrant’s name into English)

 

160 Robinson Road, 12F, SBF Center, Singapore 068914

T: 347-556-4747

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

 

 

As previously disclosed on a Form 6-K filed by Bit Origin Ltd.(the “Company”) on February 26, 2025, the Company received a written notice from the Listing Qualifications Staff of Nasdaq regarding the Company’s failure to comply with Nasdaq Listing Rule 5550(a)(2) on February 21, 2025, which requires listed securities to maintain a minimum bid price of $1.00 per share. A failure to comply with Nasdaq Listing Rule 5550(a)(2) exists when listed securities fail to maintain a closing bid price of at least $1.00 per share for 30 consecutive business days. Based on the closing bid price for the last 30 consecutive business days, the Company failed to meet the aforesaid requirement. The Company was provided a period of 180 calendar days, until August 20, 2025, to regain compliance.

 

On August 28, 2025, the Company received a written notice from Nasdaq (the “August 2025 Notice”) stating that, although the Company had not regained compliance with the minimum bid price requirement by August 20, 2025, in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company is eligible for an additional 180 calendar day period, or until February 16, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the closing bid price of the Company’s ordinary shares must meet or exceed $1.00 per share for a minimum of 10 consecutive business days during this 180-day period.

 

The August 2025 Notice has no immediate impact on the listing of the Company’s ordinary shares, which will continue to be listed and traded on the Nasdaq Capital Market, subject to the Company’s compliance with the other listing requirements of the Nasdaq Capital Market. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq listing criteria.

 

On August 29, 2025, the Company issued a press release entitled “Bit Origin Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement” A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

 

Exhibit Index

 

Exhibit
Number
  Description of Exhibit
99.1   Press release – Bit Origin Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement, dated August 29, 2025

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: August 29, 2025 BIT ORIGIN LTD.
     
  By: /s/ Jinghai Jiang
  Name: Jinghai Jiang
  Title: Chief Executive Officer, Chief Operating Officer and Chairman of the Board

 

 

 

FAQ

Why did Bit Origin Ltd. (BTOG) receive a Nasdaq deficiency notice?

Bit Origin Ltd. received a Nasdaq notice because its ordinary shares failed to maintain a closing bid price of at least $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).

What extension did Nasdaq grant Bit Origin Ltd. (BTOG) to regain compliance?

Nasdaq granted Bit Origin Ltd. an additional 180 calendar days, until February 16, 2026, to regain compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

What must Bit Origin Ltd. (BTOG) do to regain Nasdaq bid price compliance?

To regain compliance, Bit Origin Ltd.’s ordinary shares must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during the new 180-day compliance period.

Does the Nasdaq notice affect the current listing of Bit Origin Ltd. (BTOG) shares?

The company states the August 2025 Nasdaq notice has no immediate impact on the listing of its ordinary shares, which will continue to trade on the Nasdaq Capital Market if other listing requirements are met.

Could Bit Origin Ltd. (BTOG) still face delisting from Nasdaq?

Yes. Bit Origin notes there is no assurance it will regain compliance with the bid price rule or remain in compliance with other Nasdaq listing criteria, so delisting remains a potential risk if requirements are not met.

Did Bit Origin Ltd. (BTOG) issue a press release about the Nasdaq extension?

Yes. On August 29, 2025, Bit Origin issued a press release titled “Bit Origin Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement,” furnished as Exhibit 99.1.
Bit Origin Limited

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