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Bit Origin Ltd Receives Additional Compliance Period to Regain Listing on Nasdaq

Strategic Insights

— 1 min read

Bit Origin Ltd, a NASDAQ-listed company, has received a notification from the Nasdaq Stock Market LLC granting an additional 180-day compliance period to regain compliance with the minimum bid price requirement. The new deadline is set for February 16, 2026, allowing the company to maintain its listing on the Nasdaq Capital Market. This additional compliance period is granted based on the company's adherence to other continued listing requirements, except for the bid price requirement. To regain compliance, Bit Origin Ltd's ordinary shares must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the compliance period.

Key Takeaways:

  • Bit Origin Ltd has been issued a notification from Nasdaq granting an additional 180-day compliance period to regain compliance with the minimum bid price requirement.
  • The new deadline for compliance is set for February 16, 2026, allowing the company to maintain its listing on the Nasdaq Capital Market.
  • The company's ordinary shares must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the compliance period to regain compliance.
  • If Bit Origin Ltd fails to regain compliance by February 16, 2026, Nasdaq will provide written notification that the company's securities are subject to delisting.
  • The company would have the right to appeal the determination to a Nasdaq Hearings Panel.
  • The notification from Nasdaq has no immediate effect on the listing or trading of the company's ordinary shares, which will continue to trade on the Nasdaq Capital Market under the symbol "BTOG."
  • The company's listing requirements, except for the bid price requirement, are in compliance with Nasdaq's listing rules.

Statistics:

  • 180-day compliance period granted by Nasdaq for Bit Origin Ltd to regain compliance with the minimum bid price requirement.
  • The new deadline for compliance is set for February 16, 2026.
  • $1.00 per share minimum closing bid price required for Bit Origin Ltd's ordinary shares to regain compliance.
  • 10 consecutive business days required for Bit Origin Ltd's ordinary shares to meet the minimum bid price requirement.
  • Nasdaq will provide written notification of delisting if the company fails to regain compliance by February 16, 2026.

Sources:

  • Bit Origin Ltd, "Bit Origin Ltd Receives Additional Compliance Period to Regain Listing on Nasdaq" (NASDAQ: BTOG) (2025)

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