Giftify regains Nasdaq minimum bid price compliance, matter closed
Giftify received a Nasdaq notice on March 24, 2026, after its closing bid price stayed below $1 per share for 30 consecutive business days. In an April 27, 2026 letter, Nasdaq said the stock had closed at $1.00 or higher for 10 consecutive business days, from April 13 to April 24, 2026, and that the company had regained compliance with the minimum bid price rule. Nasdaq closed the matter, so the filing reports no delisting action.
- Nasdaq notice dated March 24, 2026, cited Rule 5550(a)(2), which requires a $1 minimum bid price.
- Closing bid price was below $1 for 30 consecutive business days before the notice.
- Stock closed at $1.00 or higher for 10 consecutive business days, April 13 to April 24, 2026.
- Nasdaq letter dated April 27, 2026 confirmed compliance and closed the matter.