DeFi Technologies Misses Nasdaq $1 Bid-Price Deadline, Faces Delisting Review

DeFi Technologies (ticker: DEFT) failed to meet Nasdaq’s $1 minimum bid‑price requirement by the September 1 deadline, triggering a formal eligibility review.

Deadline Miss and Immediate Consequences

On August 31 the stock closed at $0.6032, ending a 10‑business‑day streak at or above $1 that was required for continued listing on the Nasdaq Capital Market. Because the closing price was about 40 % below the threshold, the company could not achieve the required consecutive‑closing‑price streak during the September 1 session.

Nasdaq’s Review Process

Nasdaq had notified DeFi Technologies on March 5 that the shares had closed below $1 for 30 consecutive business days as of March 4, granting an initial 180‑calendar‑day compliance period that expired on September 1. The exchange may now either:

• Grant a second 180‑day compliance window, provided the company meets market‑value and other listing standards (excluding the bid‑price rule) and notifies Nasdaq in writing of its intent to cure.
• Issue a written delisting determination, which the company could appeal to a Nasdaq hearings panel.

Potential Remedy: Share Consolidation

Shareholders have authorized a share consolidation of up to 12‑for‑1, giving the board discretion to implement the split before the next annual meeting. The consolidation could raise the per‑share price to satisfy the bid‑price rule, but no consolidation had been announced or executed as of September 1.

Current Status

As of 11:19 UTC on September 1, DeFi Technologies’ public newsroom and SEC filings contained no announcement of a second compliance period, a delisting notice, regained compliance, or an executed share consolidation.