Nasdaq flags Core AI Holdings (NASDAQ: CHAI) over sub-$1 bid price
Rhea-AI Filing Summary
Core AI Holdings, Inc. disclosed that on July 31, 2026 it received a notification letter from Nasdaq stating that its common shares are not in compliance with the exchange’s minimum bid price requirement for continued listing. Under Nasdaq Listing Rule 5450(a)(1), listed securities must maintain a minimum closing bid price of $1.00 per share, and failure to meet this level for 30 consecutive trading days constitutes a compliance deficiency.
In line with Nasdaq Listing Rule 5810(c)(3)(A), Core AI has 180 calendar days from the notification date, until January 27, 2027, to regain compliance, and its common shares will continue to trade on the Nasdaq Capital Markets during this Initial Compliance Period. Compliance will be restored if the closing bid price is at least $1.00 per share for a minimum of ten consecutive trading days within this window. The company may be eligible for an additional 180-day compliance period, subject to meeting other Nasdaq Capital Market listing standards and potentially curing the deficiency through a reverse stock split. If the deficiency is not cured, Core AI’s shares could be subject to delisting, including a Staff Delisting Determination if the bid price is $0.10 or less for ten consecutive trading days. Core AI states that the notification does not affect its business operations, strategic initiatives, or the current listing and trading of its common shares, and it intends to monitor the bid price and consider options to regain compliance.
Positive
- None.
Negative
- Nasdaq minimum bid price deficiency notice states Core AI’s common shares are not in compliance with the $1.00 per share bid requirement, creating formal listing pressure on the company.
- Delisting risk and cure deadlines include a 180-day Initial Compliance Period to January 27, 2027, a possible additional 180-day extension, and potential delisting, including a Staff Delisting Determination if the bid price is $0.10 or less for ten consecutive trading days.
Key Figures
Minimum bid price requirement: $1.00 per share
Deficiency trigger period: 30 consecutive trading days
Initial compliance period: 180 calendar days
+4 more
7 metrics
Minimum bid price requirement
$1.00 per share
Nasdaq Listing Rule 5450(a)(1) closing bid price requirement for common shares
Deficiency trigger period
30 consecutive trading days
Failure to meet the $1.00 minimum for this period constitutes a compliance deficiency
Initial compliance period
180 calendar days
Time from July 31, 2026 Nasdaq notice to January 27, 2027 to regain bid-price compliance
Compliance restoration window
ten consecutive trading days
Closing bid price must be at least $1.00 per share for this period to regain compliance
Delisting determination threshold
$0.10 or less for ten consecutive trading days
Bid level that would cause Nasdaq to issue a Staff Delisting Determination under Rule 5810
Mobile game downloads
over 800 million downloads
Total downloads generated by Core Gaming’s AI-driven mobile game business
Global player base
more than 40 million players
Size of Core Gaming’s user base across over 140 countries
Key Terms
minimum bid price requirement, Nasdaq Listing Rule 5450(a)(1), Nasdaq Capital Market, reverse stock split, +1 more
5 terms
minimum bid price requirement regulatory
"not in compliance with the minimum bid price requirement for its common shares"
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.
Nasdaq Listing Rule 5450(a)(1) regulatory
"As set forth in the Nasdaq Listing Rule 5450(a)(1) (“Nasdaq Listing Rule”)"
Nasdaq Listing Rule 5450(a)(1) is a continued-listing standard that sets a minimum share price companies must maintain to remain listed on the Nasdaq market—commonly a $1.00 per-share threshold. Investors care because falling below that floor can trigger a compliance review and possible delisting, which is like failing a minimum grade and losing access to the public market; delisting can reduce liquidity, visibility and the ability to raise capital.
Nasdaq Capital Market regulatory
"initial listing standards for the Nasdaq Capital Market, with the exception of the bid price"
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
"provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Staff Delisting Determination regulatory
"Nasdaq will issue a Staff Delisting Determination under Rule 5810 with respect to such securities"
A staff delisting determination is a formal finding by exchange or regulatory staff that a listed security no longer meets the rules required to stay listed, similar to an official notice that a rental property no longer qualifies for occupancy. It matters to investors because it often precedes removal from the exchange, which can sharply reduce a stock’s visibility, trading liquidity and value, and may trigger urgent choices like selling, appealing the decision or seeking alternative markets.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What Nasdaq compliance issue did Core AI Holdings (CHAI) disclose?
Core AI disclosed that Nasdaq notified the company on July 31, 2026 that its common shares are not in compliance with the minimum $1.00 per share bid price requirement under Nasdaq Listing Rule 5450(a)(1), creating a formal listing deficiency for its Nasdaq-traded stock.
How long does Core AI (CHAI) have to regain Nasdaq bid-price compliance?
Core AI has 180 calendar days from the July 31, 2026 notice, until January 27, 2027, to regain compliance. It will be considered compliant if its closing bid price is at least $1.00 per share for a minimum of ten consecutive trading days within this period.
What happens if Core AI (CHAI) cannot regain bid-price compliance?
If Core AI does not regain compliance by January 27, 2027, it may qualify for an additional 180-day compliance period, subject to meeting other Nasdaq Capital Market standards and possibly using a reverse stock split. Failure to cure could ultimately lead to delisting proceedings.
When could Core AI (CHAI) face an immediate Staff Delisting Determination?
Under Nasdaq rules, if during any compliance period Core AI’s common shares have a closing bid price of $0.10 or less for ten consecutive trading days, Nasdaq will issue a Staff Delisting Determination with respect to those securities, accelerating delisting risk.
Does the Nasdaq notification affect Core AI’s (CHAI) operations or trading?
Core AI states the notification does not affect its business operations, strategic initiatives, or the listing and trading of its common shares. During the Initial Compliance Period, its stock will continue to trade on the Nasdaq Capital Markets while the company monitors its bid price.
What business does Core AI Holdings (CHAI) operate and how large is its user base?
Core AI is a global AI technology and infrastructure company. Through its subsidiary Core Gaming, it runs an AI-driven mobile game development and publishing business with over 800 million downloads and a global user base of more than 40 million players across over 140 countries.