Techlott warned over sub-penny OTCQB share price
Techlott Inc. faces the risk of removal from the OTCQB Venture Market if it cannot lift its share price to required levels within a 90-day cure period.
Rhea-AI Filing Summary
Techlott Inc. (LOTT) reports that on July 28, 2026 it received a notice from OTC Markets Group that its common stock no longer meets the OTCQB Venture Market continued eligibility criteria because the closing bid price has been below $0.01 per share for more than 30 consecutive calendar days.
Under a 90-calendar-day cure period, the closing bid price must reach at least $0.01 per share for 10 consecutive trading days by October 26, 2026 to maintain OTCQB quotation. If the closing bid price is below $0.001 per share for five consecutive trading days, the common stock would be removed from the OTCQB Venture Market immediately, without any cure period.
Positive
- None.
Negative
- Risk of OTCQB removal: Techlott’s stock failed the OTCQB bid-price standard, triggering a 90-day cure period and creating a risk of delisting from the OTCQB Venture Market if price thresholds are not met.
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Bid price threshold: $0.01 per share
Consecutive days below threshold: More than 30 days
Cure period length: 90 calendar days
+4 more
7 metrics
Bid price threshold
$0.01 per share
Minimum closing bid price required under OTCQB continued eligibility standards
Consecutive days below threshold
More than 30 days
Period during which the closing bid was below $0.01 per share, triggering the notice
Cure period length
90 calendar days
Time granted to regain compliance with OTCQB bid-price standards
Compliance trading-day requirement
10 consecutive trading days
Days the closing bid must be at or above $0.01 per share during the cure period
Cure period deadline
October 26, 2026
Date by which bid-price compliance must be achieved to avoid OTCQB removal
Immediate removal threshold
$0.001 per share
Closing bid price level that, if breached for five consecutive trading days, causes immediate OTCQB removal
Days for immediate removal
Five consecutive trading days
Duration below $0.001 per share that triggers immediate OTCQB removal
Key Terms
OTCQB Venture Market, closing bid price, continued eligibility criteria, cure period, +1 more
5 terms
OTCQB Venture Market market
"no longer satisfied the continued eligibility criteria for quotation on the OTCQB Venture Market"
The OTCQB Venture Market is a tier of the over‑the‑counter (OTC) trading platform that groups early‑stage, smaller companies that do not meet the stricter requirements of higher OTC tiers. It gives investors a way to buy and sell shares in these higher‑risk, less mature firms with generally lower reporting and transparency standards; think of it as a marketplace’s “starter lane” where potential is available but uncertainty and volatility are higher, so investors should expect greater risk and do extra homework.
closing bid price financial
"the closing bid price of the Company’s common stock had been below $0.01 per share"
The closing bid price is the last price that a buyer was willing to pay for a security at the end of the trading day. It reflects the final visible demand for the stock — like the last offer someone makes for a used car before a yard closes — and helps investors gauge market interest, set valuations, and mark portfolios to market for that day.
continued eligibility criteria regulatory
"no longer satisfied the continued eligibility criteria for quotation on the OTCQB Venture Market"
cure period regulatory
"the Company was granted a cure period of 90 calendar days"
A cure period is a set amount of time given to a borrower, counterparty, or contracting party to fix a missed payment, breach, or other problem before more serious consequences—like penalties, higher interest, or contract termination—kick in. For investors, it matters because it creates a short grace window that can prevent immediate losses and influence the timing and likelihood of recovery; think of it like a few extra days to pay a bill before a service is cut off.
trading days market
"must be $0.01 per share or greater for 10 consecutive trading days"
Trading days are the specific days when a stock exchange is open and buying and selling of securities can occur, excluding weekends and exchange-declared holidays. Investors use trading days to measure performance, calculate settlement deadlines and time-sensitive events—think of them as the business hours calendar for markets, where returns, volumes and deadlines are counted only on days the market is operating.
FAQ
What triggered Techlott Inc. (LOTT) to receive an OTCQB deficiency notice?
Techlott received notice because the closing bid price of its common stock was below $0.01 per share for more than 30 consecutive calendar days, breaching OTCQB continued eligibility criteria.
What cure period has Techlott Inc. (LOTT) been given by OTCQB?
Techlott has a 90 calendar day cure period. During this time, its closing bid price must be at least $0.01 per share for 10 consecutive trading days to continue being quoted on the OTCQB Venture Market.
What is the deadline for Techlott Inc. (LOTT) to regain OTCQB compliance?
The company must satisfy the cure requirement by October 26, 2026. By that date, its closing bid price must have been at least $0.01 per share for 10 consecutive trading days.
What happens if Techlott Inc. (LOTT) does not meet the OTCQB cure requirement?
If Techlott does not achieve a closing bid price of at least $0.01 per share for 10 consecutive trading days by October 26, 2026, its common stock will be removed from quotation on the OTCQB Venture Market.
Under what condition could Techlott Inc. (LOTT) be removed from OTCQB immediately?
If the closing bid price of Techlott’s common stock falls below $0.001 per share for five consecutive trading days, the stock would be removed from the OTCQB Venture Market immediately, with no cure period.
On which market is Techlott Inc. (LOTT) currently quoted according to this report?
Techlott’s common stock is quoted on the OTCQB Venture Market, and the notice concerns its continued eligibility for quotation on that market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
