Giftify gets Nasdaq bid price deficiency notice, 180 days to regain compliance
Giftify received a Nasdaq notice on March 24, 2026, stating its closing bid price had been below the $1 minimum for 30 consecutive business days. The company has 180 calendar days to regain compliance, and Nasdaq could grant an additional 180 days if the company qualifies, which could require a reverse stock split. If Nasdaq concludes the deficiency cannot be cured, shares would be subject to delisting.
Key points
- Nasdaq notice dated March 24, 2026, cites Listing Rule 5550(a)(2), the $1 minimum bid price requirement.
- Closing bid price failed to meet $1 for the last 30 consecutive business days.
- Company has 180 calendar days to regain compliance by closing at or above $1 for at least 10 consecutive business days.
- Company may be eligible for a second 180-day period and may need a reverse stock split; failure to cure could lead to delisting notice.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.