Giftify gets Nasdaq notice of sub-$1 bid price; has 180 days to regain compliance
On August 3, 2026, Giftify received a Nasdaq notice that its closing bid price had been below $1 per share for 30 consecutive business days, which violates Nasdaq Listing Rule 5550(a)(2). The company has 180 calendar days to regain compliance by keeping its closing bid at or above $1 for at least ten consecutive business days, and Nasdaq may grant an additional 180 days if other listing criteria are met. For shareholders, the notice signals a continued listing risk, though the filing does not state that the shares have been delisted.
Key points
- Nasdaq notice received August 3, 2026 under Listing Rule 5550(a)(2), the $1 minimum bid price requirement
- Closing bid price failed to meet $1 for 30 consecutive business days
- Compliance period: 180 calendar days, requiring at least ten consecutive business days at or above $1
- If still deficient, Nasdaq may grant an additional 180-day period if other criteria, such as minimum market value of publicly held shares and shareholders' equity, are met
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 August 07, 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.