Golden Matrix Group Faces Nasdaq Delisting Risk Over Minimum Bid Price Compliance
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Golden Matrix Group Inc. has received a notice from Nasdaq for not complying with Listing Rule 5550(a)(2), as its stock has traded below the $1.00 minimum bid price for 34 consecutive business days. The company has until June 30, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive days. If not achieved, it may qualify for an additional 180-day grace period or face delisting, though it can appeal any decision.
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