IP Strategy Holdings receives Nasdaq delisting notice due to minimum bid price

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold slumps to worst week in over forty years as Iran war dents rate cut bets Nasdaq slides 2%, S&P posts four-week losing streak as Iran conflict escalates Goldman Sachs flags these stocks as beneficiaries of gas price surge Citi says Brent crude prices could rise to this level in a prolonged Iran conflict (South Africa Philippines Nigeria) IP Strategy Holdings receives Nasdaq delisting notice due to minimum bid price By SEC Filings Published 03/20/2026, 06:13 PM IP Strategy Holdings receives Nasdaq delisting notice due to minimum bid price 0 IPST -22.03% Story US Dollar -3.18% IP Strategy Holdings , Inc. (NASDAQ:IPST) announced Friday that it received a notice from the Nasdaq Stock Market stating that the company’s common stock did not meet the minimum bid price requirement of $1.00 per share for thirty consecutive business days, as set forth in Nasdaq Listing Rule 5550 2). According to a press release statement and SEC filing, the company is not eligible for the standard 180-calendar-day compliance period to regain compliance because it conducted a 1-for-20 reverse stock split on November 5, 2025, within the previous year. As a result, the company is not granted additional time to meet the minimum bid price requirement under Nasdaq Listing Rule 5810 3 iv). IP Strategy Holdings indicated that it intends to appeal Nasdaq’s delisting determination no later than March 27. The filing of the appeal will stay the delisting process while Nasdaq schedules a hearing. In preparation for the appeal, the company also filed a proxy statement with the SEC for a special meeting of stockholders, scheduled for April 10. At this meeting, shareholders will consider a proposal to authorize a reverse stock split at a ratio between 1:3 and 1:20, with the final ratio to be determined by the board of directors. The company stated that, if the reverse stock split proposal is approved, it expects to implement the split at a ratio th...