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Alset AEI

Alset received Nasdaq delisting notice

Nasdaq bid price notice, cure by Apr 26, 2027, Item 3.01 Listing standards notice

Form
8-K
Filed
Importance
Major
  1. Nasdaq notified Alset of bid price below $1.00 for 30 days
  2. Company has 180 days until April 26, 2027, to regain compliance
  3. Reverse stock split of 1-for-5 planned to address deficiency

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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The reading, claim by claim

  1. The filing provides details about the company's compliance period and potential actions to regain listing.
  2. If the stock closes at or above $1.00 for 10 consecutive days before that date, Nasdaq will notify the company of compliance.
  3. The notice does not immediately affect the stock's listing.
  4. If Alset Inc. fails to meet the requirement by April 26, 2027, it may qualify for additional time.
  5. This would require meeting other listing standards and providing written notice of its intention to cure the deficiency.
  6. A reverse stock split may be necessary to achieve compliance.

6 of 7 claims matched the filing text.

Not found in the filing text

  • The filing outlines that Alset Inc. has 180 days, until April 26, 2027, to meet the minimum bid price requirement.

From the filing

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or

Item

3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On

October 28, 2026, Alset Inc. (the "Company") received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, because the closing bid price for the Company's common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share (the "Minimum Bid Price Requirement").

The notification has no immediate effect on the listing of the Company's common stock3. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from October 28, 2026, or until April 26, 2027, to regain compliance with the Minimum Bid1

Price Requirement1. If at any time before April 26, 2027, the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement2.

The notification letter also disclosed that in the event the Company does not regain compliance with the Minimum Bid Price Requirement by April 26, 2027, the Company may be eligible for additional time4. To qualify for additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital5

Market, with the exception of the bid price requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period5, by effecting a reverse stock split, if necessary6. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an addi

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