DeFi Technologies Faces Nasdaq Delisting Review After Missing $1 Bid Deadline

DeFi Technologies has fallen short of Nasdaq’s $1 minimum bid requirement, triggering a delisting review. The company’s U.S.-listed DEFT shares closed at $0.6032 on August 31, failing to meet the 10‑business‑day streak above the threshold before the September 1 deadline.

Nasdaq notified DeFi Technologies on March 5 that DEFT had traded below $1 for 30 consecutive business days as of March 4, granting an initial 180‑calendar‑day compliance window that ended on September 1. Because each August close was under $1, the stock could not establish the requisite consecutive price series in time.

Nasdaq may grant a second 180‑day compliance window if DeFi Technologies satisfies all other Nasdaq Capital Market standards—excluding the bid‑price rule—and demonstrates the market value of publicly held shares meets the continued‑listing criteria. The company must notify Nasdaq in writing of its intent to cure the deficiency during any additional window.

If the firm does not qualify, or Nasdaq staff determines the shortfall cannot be remedied within a second window, the exchange will issue a written delisting notice. DeFi Technologies could appeal such a decision to a Nasdaq hearings panel.

Shareholders have authorized the board to conduct a share consolidation of up to 12‑for‑1 as a potential tool to address the per‑share requirement. However, as of early September, no consolidation has been scheduled or executed, and the board has not yet decided to use the authority.

As of 11:19 UTC on September 1, there had been no public announcement regarding a second compliance period, a delisting determination, restored compliance, or an executed consolidation in the company’s newsroom or SEC filings.

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