CISO Global (NASDAQ: CISO) granted extra 180 days to meet $1 Nasdaq bid rule
Rhea-AI Filing Summary
CISO Global, Inc. reports that Nasdaq has granted an additional 180-day period, until December 28, 2026, for the company to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. The extension follows an earlier 180-day window that ended on June 29, 2026.
The company may cure the deficiency if its stock closes at or above $1.00 for at least ten consecutive business days during this second period, and it is prepared to implement a reverse stock split if needed. If compliance is not achieved by the new deadline, CISO Global could face delisting from the Nasdaq Capital Market, though it would have the right to appeal. For now, the stock remains listed while the company works to meet all applicable Nasdaq listing criteria.
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Insights
Nasdaq grants CISO more time to fix its sub-$1 share price.
CISO Global remains below Nasdaq’s $1.00 minimum bid price, but has received a second 180-day window, until December 28, 2026, to regain compliance. The stock continues trading on the Nasdaq Capital Market during this period.
The company indicates it may conduct a reverse stock split to lift the share price if market trading alone does not restore compliance. Any such split must be completed at least ten business days before the new deadline, adding a clear timing constraint.
Failure to meet the $1.00 bid level for at least ten consecutive business days by December 28, 2026 could trigger a delisting notice, though CISO could request a hearing. Subsequent disclosures in company filings will show whether a reverse split is pursued or if compliance is achieved organically.
8-K Event Classification
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Key Terms
Nasdaq Listing Rule 5550(a)(2) regulatory
minimum bid price requirement financial
Nasdaq Capital Market regulatory
reverse stock split financial
forward-looking statements regulatory
FAQ
What did CISO (CISO) announce about its Nasdaq listing status?
What is causing CISO (CISO) to be out of compliance with Nasdaq rules?
How long does CISO (CISO) have to regain Nasdaq bid price compliance?
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