Giftify warned on Nasdaq $1 minimum bid price
Giftify, Inc. reported that on August 3, 2026, Nasdaq notified the company that its common stock no longer meets Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1 per share.
Rhea-AI Filing Summary
Giftify, Inc. reported that on August 3, 2026, Nasdaq notified the company that its common stock no longer meets Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1 per share. The notice followed 30 consecutive business days with a closing bid below this threshold.
Under Nasdaq Rule 5810(c)(3)(A), Giftify has 180 calendar days to regain compliance. The company will be back in good standing if, during this period, its common stock closes at or above $1 for at least ten consecutive business days. Nasdaq may grant an additional 180-day compliance period if other continued listing requirements, such as minimum market value of publicly held shares and shareholders’ equity, are satisfied. Giftify’s common stock continues to trade on The Nasdaq Capital Market under the symbol GIFT.
Positive
- None.
Negative
- Nasdaq $1 bid-price deficiency notice creates a risk to the Nasdaq Capital Market listing if Giftify does not restore a bid of at least $1 for 10 consecutive business days within the initial 180-day compliance period or any additional period granted.
8-K Event Classification
Key Figures
Key Terms
Nasdaq Listing Rules regulatory
minimum bid price financial
FAQ
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What Nasdaq notice did GIFT receive regarding its stock listing?
How long does GIFT have to regain Nasdaq minimum bid price compliance?
What must GIFT’s stock do to regain compliance with Nasdaq Rule 5550(a)(2)?
Can GIFT receive more time from Nasdaq beyond the initial 180 days?
On which market and under what symbol does GIFT trade?
AI-generated analysis. How Rhea-AI works. Not financial advice.