Garden Stage receives noncompliance notice from Nasdaq

Garden Stage (GSIW) announced that it received a delinquency notification letter from Nasdaq indicating that the company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rules for continued listing on Nasdaq, as the closing bid price for the company’s ordinary shares listed on Nasdaq was below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550 requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The notice provides that the company has a period of 180 calendar days from the date of the notice, or until June 23, 2025, to regain compliance with the minimum bid price requirement.