Mint Incorporation (MIMI) restores Nasdaq minimum $1 bid compliance, closing deficiency
Rhea-AI Filing Summary
Mint Incorporation Limited has regained compliance with Nasdaq’s minimum bid price rule. Nasdaq confirmed that for 10 consecutive business days, from May 6 to May 19, 2026, the closing bid price of Mint’s Class A ordinary shares stayed at or above $1.00 per share, as required by Nasdaq Listing Rule 5550(a)(2). This resolves a deficiency first noted on December 19, 2025, when the share price had stayed below $1.00 for 30 consecutive business days, and closes the prior compliance matter.
Positive
- Regained Nasdaq compliance: Mint’s Class A ordinary shares met the $1.00 minimum bid price for 10 consecutive business days, closing the prior Nasdaq Listing Rule 5550(a)(2) deficiency and removing an immediate delisting risk tied to that rule.
Negative
- None.
Insights
Mint restores Nasdaq bid-price compliance, removing a delisting risk.
Mint Incorporation Limited has met Nasdaq Listing Rule 5550(a)(2) after its Class A shares closed at or above $1.00 for 10 straight business days from May 6–19, 2026. This reverses a prior notice triggered when the price stayed below $1.00 for 30 consecutive days.
Regaining compliance means the earlier minimum bid price deficiency is now closed, so the company maintains its Nasdaq Capital Market listing under this rule. This can help avoid disruption for shareholders that rely on Nasdaq trading access.
The report is also incorporated by reference into Mint’s Form F-3 registration statement filed on May 19, 2026, linking this compliance status to future securities offerings registered on that shelf.