FingerMotion Receives Nasdaq Delisting Notice for Sub-$1.00 Bid Price

summarizeSummary

FingerMotion, Inc. received a Nasdaq deficiency letter for failing to maintain the minimum $1.00 bid price, putting its listing at risk. The company has until December 28, 2026, to regain compliance.

check_boxKey Events · Corporate Governance and Compliance · FNGR

• Nasdaq Deficiency Letter Received

  On June 30, 2026, FingerMotion received a notice from Nasdaq for failing to meet the minimum $1.00 bid price requirement for 30 consecutive business days, as per Nasdaq Listing Rule 5550(a)(2).

• Compliance Deadline Set

  The company has 180 calendar days, until December 28, 2026, to regain compliance. This requires the common stock's closing bid price to be $1.00 or more for a minimum of ten consecutive business days.

• Potential Reverse Stock Split

  FingerMotion may consider implementing a reverse stock split as an option to regain compliance with the minimum bid price requirement.

• Risk of Delisting

  Failure to regain compliance by the deadline, or any subsequently granted period, could lead to the delisting of the company's common stock from The Nasdaq Capital Market.

auto_awesomeAnalysis · FNGR · Technology

This Nasdaq deficiency letter is a critical development for FingerMotion, which has been under significant financial pressure, including a recent going concern warning and highly dilutive financing. Failure to maintain the minimum bid price puts the company's Nasdaq listing at risk, which can severely impact its ability to raise capital, investor confidence, and stock liquidity. The company is already trading near its 52-week low, and this notice adds further pressure, highlighting the urgent need for a strategic response to avoid delisting.