DarkIris receives Nasdaq notification regarding minimum bid price deficiency

DarkIris (DKI) announced that on November 18, 2025, it received a deficiency letter from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC. The Notice informed the company that, based upon the closing bid price of the company’s Class A Ordinary Shares over the 30 consecutive business day period between October 7, 2025 and November 17, 2025, the company is not in compliance with the requirement to maintain a minimum bid price of $1.00 per share of its Shares for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). The company is issuing this press release in accordance with Nasdaq Listing Rule 5810(b) and instructions from the Notice. The Notice has no immediate effect on the continued listing status of the Shares on The Nasdaq Capital Market. The company has been provided a compliance period of 180 calendar days from the date of the Notice, or until May 18, 2026, to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). If at any time before May 18, 2026, the closing bid price of the Shares reaches or exceeds $1.00 per share for a minimum of 10 consecutive business days, the Staff will provide written notification that the company has achieved compliance with the Minimum Bid Price Requirement, and the matter would be resolved. If the company does not regain compliance with the Minimum Bid Price Requirement during the initial 180 calendar day period, the company may be eligible for additional time for compliance.