TryHard regains Nasdaq compliance after reverse split
TryHard Holdings Ltd (THH) reports that it has regained compliance with Nasdaq’s minimum bid price requirement under Listing Rule 5550(a)(2).
Rhea-AI Filing Summary
TryHard Holdings Ltd (THH) reports that it has regained compliance with Nasdaq’s minimum bid price requirement under Listing Rule 5550(a)(2). The company had previously fallen below the $1.00 minimum bid price for 30 consecutive business days and was given until September 7, 2026 to cure the deficiency.
After implementing a 10-for-1 reverse stock split, which took effect on August 10, 2026 on the Nasdaq Capital Market, the closing bid price of TryHard’s ordinary shares stayed at or above $1.00 for 10 consecutive business days from August 14–27, 2026. Nasdaq has confirmed that THH is now back in compliance and has closed the matter.
Positive
- Regained Nasdaq compliance with the $1.00 minimum bid price after 10 consecutive business days at or above the threshold, removing the immediate delisting risk under Listing Rule 5550(a)(2).
- 10-for-1 reverse stock split executed effective August 10, 2026 on Nasdaq Capital Market, helping the company restore its share price above the Nasdaq minimum bid requirement.
Negative
- None.
Filing Explained
Nasdaq compliance is closed; the 10-for-1 reverse split changed share-count and price mechanics, not company value by the split itself.
The 10-for-1 reverse split associated with the now-closed Nasdaq compliance matter reduced the share count and raised the per-share price proportionally; the split itself does not change company value.
This is a share consolidation rather than an issuance of additional shares, so the filing does not disclose a new dilution or financing obligation for existing common holders from the split itself.
Key Figures
Minimum bid price requirement: $1.00 per share
Initial deficiency notice date: March 11, 2026
Compliance period length: 180 days
+4 more
7 metrics
Minimum bid price requirement
$1.00 per share
Nasdaq Listing Rule 5550(a)(2) threshold for ordinary shares
Initial deficiency notice date
March 11, 2026
Date Nasdaq notified THH its bid price was below $1.00 for 30 consecutive business days
Compliance period length
180 days
Period granted to regain compliance, ending September 7, 2026
Compliance measurement window
10 consecutive business days
From August 14, 2026 to August 27, 2026 with closing bid at or above $1.00
Reverse stock split ratio
10-for-1
Reverse split of ordinary shares approved July 6, 2026
Reverse stock split effective date
August 10, 2026
Effective date of 10-for-1 reverse stock split on Nasdaq Capital Market
Nasdaq compliance confirmation date
August 28, 2026
Date Nasdaq confirmed THH regained compliance with Listing Rule 5550(a)(2)
Key Terms
reverse stock split, Nasdaq Capital Market, Listing Rule 5550(a)(2), minimum bid price requirement, +1 more
5 terms
reverse stock split financial
"approved the 10-for-1 reverse stock split of the Company’s ordinary shares"
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.
Nasdaq Capital Market financial
"approved by Nasdaq to take effect on August 10, 2026, on Nasdaq Capital Market"
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.
Listing Rule 5550(a)(2) regulatory
"compliance with Nasdaq’s minimum bid price requirement under Listing Rule 5550(a)(2)"
Listing Rule 5550(a)(2) is a Nasdaq listing standard that sets a minimum share-price requirement for securities to be listed or to remain listed on the Nasdaq Capital Market. It matters to investors because falling below that minimum can trigger delisting reviews or increased volatility, much like a safety bar on a ride — if a stock can’t meet the height requirement, it risks being removed from the exchange, which can reduce liquidity and access for buyers and sellers.
minimum bid price requirement financial
"regained compliance with Nasdaq’s minimum bid price requirement"
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.
safe harbor regulatory
"This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions"
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.
FAQ
What Nasdaq issue did THH face and how was it resolved?
THH was previously notified on March 11, 2026 that its shares failed to meet Nasdaq’s $1.00 minimum bid price for 30 consecutive business days. After a 10-for-1 reverse stock split and 10 days above $1.00, Nasdaq confirmed the company regained compliance.
What is the significance of the $1.00 minimum bid price for THH stock?
Nasdaq Listing Rule 5550(a)(2) requires THH’s ordinary shares to maintain a minimum bid price of $1.00. Falling below this level for 30 consecutive business days triggered a deficiency notice; maintaining at least $1.00 for 10 consecutive business days restored compliance.
What reverse stock split did THH implement in 2026?
On July 6, 2026, THH’s shareholders and Board approved a 10-for-1 reverse stock split of its ordinary shares. Nasdaq approved the split to take effect on August 10, 2026 on the Nasdaq Capital Market.
When did THH officially regain compliance with Nasdaq’s bid price rule?
On August 28, 2026, Nasdaq notified THH that for the 10 consecutive business days from August 14 to August 27, 2026, its closing bid price was at or above $1.00, confirming the company regained compliance and that the matter was closed.
What deadline had Nasdaq originally given THH to fix its bid price deficiency?
Nasdaq granted THH a 180-day compliance period until September 7, 2026 to regain compliance with the minimum bid price rule after the March 11, 2026 deficiency notice.
AI-generated analysis. How Rhea-AI works. Not financial advice.
