Bit Origin Ltd receives 180-day extension from Nasdaq to meet minimum bid price requirement for continued listing.
Quiver AI Summary
Bit Origin Ltd has received a notification from Nasdaq granting it an additional 180-calendar-day compliance period until February 16, 2026, to meet the minimum bid price requirement of $1.00 per share, following its failure to comply with this rule previously. The initial compliance period ended on August 20, 2025, and the extension was granted because the company continues to meet other listing requirements. To comply, Bit Origin's shares must maintain a closing bid price of at least $1.00 for ten consecutive business days. If compliance is not achieved by the new deadline, the company risks delisting but may appeal the decision. The company continues to trade under the symbol “BTOG” on the Nasdaq Capital Market.
Potential Positives
- Bit Origin Ltd has been granted an additional 180-day compliance period by Nasdaq to regain compliance with the minimum bid price requirement, which reflects Nasdaq's recognition of the Company’s efforts to maintain its listing.
- The Company has indicated its intention to potentially effect a reverse stock split to meet the bid price requirement, showing proactive steps towards compliance.
- This notification from Nasdaq does not have immediate effects on the Company’s ordinary shares, allowing for continued trading and stability during the compliance period.
- Bit Origin's compliance with all other continuing listing requirements demonstrates its overall operational stability and commitment to maintaining its listing on the Nasdaq Capital Market.
Potential Negatives
- The company is at risk of delisting from Nasdaq if it fails to meet the minimum bid price requirement by February 16, 2026.
- The need for an additional compliance period suggests ongoing financial instability and inability to maintain compliance with listing requirements.
- The notification indicates a previous failure to meet the minimum bid price requirement, which could negatively impact investor confidence.
FAQ
What notification did Bit Origin receive from Nasdaq?
Bit Origin received a notification granting an additional 180-day compliance period to regain compliance with Nasdaq's minimum bid price requirement.
When does the new compliance period end for Bit Origin?
The new compliance period ends on February 16, 2026.
What does Bit Origin need to do to regain compliance with Nasdaq?
Bit Origin must maintain a closing bid price of at least $1.00 per share for ten consecutive business days.
What happens if Bit Origin fails to regain compliance by February 2026?
If compliance is not regained, Nasdaq will notify that the company's securities are subject to delisting.
What is Bit Origin's stock symbol on the Nasdaq?
Bit Origin's ordinary shares trade on Nasdaq under the symbol “BTOG.”
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BTOG Hedge Fund Activity
We have seen 5 institutional investors add shares of $BTOG stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VIRTU FINANCIAL LLC removed 218,114 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $34,462
- VICTORY FINANCIAL GROUP, LLC removed 110,940 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $17,528
- UBS GROUP AG added 64,122 shares (+63487.1%) to their portfolio in Q2 2025, for an estimated $10,131
- TWO SIGMA SECURITIES, LLC added 49,213 shares (+inf%) to their portfolio in Q2 2025, for an estimated $7,775
- STONEX GROUP INC. added 21,532 shares (+inf%) to their portfolio in Q2 2025, for an estimated $3,402
- SQUAREPOINT OPS LLC removed 19,936 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,787
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 18,948 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,993
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SINGAPORE, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day compliance period, or until February 16, 2026, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
As previously disclosed, on February 21, 2025, Nasdaq notified the Company that its listed securities did not meet the minimum bid price requirement of $1.00 per share over the preceding 30 consecutive business days. The initial 180-day compliance period expired on August 20, 2025.
The additional compliance period is granted based on the Company's compliance of all other continued listing requirements for the Nasdaq Capital Market, except for the bid price requirement, and providing written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.
To regain compliance, 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. If the Company does not regain compliance by February 16, 2026, Nasdaq will provide written notification that the Company’s securities are subject to delisting. At that time, the Company would have the right to appeal the determination to a Nasdaq Hearings Panel.
This 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.”
About Bit Origin Ltd
Bit Origin Ltd is an emerging growth company actively deploying blockchain technologies alongside diversified expansion strategies. For more information, please visit https://bitorigin.io .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
Company Contact
Bit Origin Ltd
Mr. Jiang Jinghai, Chairman of the Board, CEO and COO
Email:
[email protected]
To keep updated on Bit Origin’s news releases and SEC filings, please subscribe to email alerts at https://bitorigin.io/contact
