DeFi Technologies Inc. has received a notice from the Nasdaq Stock Market after its share price remained below the exchange’s $1 minimum bid requirement for 30 consecutive business days. The Toronto-based fintech firm has been granted a 180-calendar-day compliance period, ending on 1 September 2026, to regain compliance or face potential delisting procedures.
Nasdaq informed DeFi Technologies on 6 March that it no longer meets the minimum bid price rule under Listing Rule 5550(a)(2). The notice does not immediately affect the listing or trading of the company’s common shares, which continue to trade on Nasdaq under the ticker DEFT.
The company has until 1 September 2026 to regain compliance. To meet the requirement, the closing share price must reach $1 or higher for at least 10 consecutive business days, though Nasdaq may require up to 20 days before confirming compliance.
If the company fails to regain compliance within that timeframe, it may qualify for an additional 180-day extension. Companies in similar situations often pursue measures such as reverse stock splits to increase the share price.
The notice follows a prolonged decline in the company’s stock price. Shares have fallen significantly from levels above $2.50 last year, recently trading around $0.67, according to TradingView data.
The drop pushed the stock below Nasdaq’s $1 threshold earlier this year, triggering the deficiency notice. DeFi Technologies said it will continue monitoring its share price and may consider available options to restore compliance.
DeFi Technologies positions itself as a financial technology company focused on bridging traditional capital markets with decentralized finance. The firm provides investment products and infrastructure designed to give traditional investors exposure to digital assets.
