Oriental Rise (ORIS) announced that it received a staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC on April 15, 2026, notifying the Company that Nasdaq has determined to delist the Company’s ordinary shares from The Nasdaq Capital Market. According to the Determination Letter, Nasdaq determined that the closing bid price of the Company’s listed securities had been below $1.00 per share for the previous 30 consecutive business days and that the Company therefore no longer complies with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORIS:
