Garden Stage Limited received a second Nasdaq notice on March 5, 2026, granting an additional 180 calendar days until September 1, 2026, to regain compliance with the Minimum Bid Price Rule after failing during the initial period ending March 4, 2026. On March 6, 2026, the Company effected a 200-for-1 share consolidation of Class A ordinary shares to attempt compliance.
Key takeaways
Nasdaq notice dated September 5, 2025, for Class A Shares below $1.00 for 30 consecutive business days
Initial 180-day compliance period ended March 4, 2026, without regaining compliance
Second notice dated March 5, 2026, grants additional 180 days until September 1, 2026
Failure to comply by September 1, 2026, may result in delisting notification with appeal option
Class A Shares consolidated at 200-for-1 ratio effective March 6, 2026, to meet Minimum Bid Price Rule