Nasdaq Warns Reliance Global Group Over Minimum Bid Price Compliance
Reliance Global Group, Inc. RELI |
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Reliance Global Group Inc. has received a notice from the Nasdaq Stock Market indicating that it is not in compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company has 180 calendar days, until June 10, 2026, to regain compliance by achieving a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. Failure to comply may result in delisting, although the company could be eligible for an additional 180-day compliance period if it meets other listing requirements and notifies Nasdaq of its plans to cure the deficiency, potentially through a reverse stock split. The company is currently monitoring its stock price and evaluating options to address the issue.
