IP Strategy Holdings, Inc. regained Nasdaq compliance with its minimum bid price requirement following a reverse stock split, avoiding delisting but subject to one-year mandatory Panel monitoring.
Key takeaways
Nasdaq Hearing Panel determined on May 11, 2026, that Company regained compliance with Listing Rule 5550(a)(2) minimum bid price.
Company effected 1-for-20 reverse stock split effective April 23, 2026, to increase bid price above $1.00.
Subject to one-year Mandatory Panel Monitor under Rule 5815(d)(4)(B) from Panel Determination date.
Original non-compliance notice received March 20, 2026, for 30 consecutive days below $1.00 bid price.
Press release issued May 14, 2026, as Exhibit 99.1 announcing the compliance regain.