Garden Stage Regains Nasdaq Compliance After 200-for-1 Share Consolidation
Garden Stage Limited regained compliance with Nasdaq’s $1 minimum bid price rule after its 200-for-1 share consolidation led to closing bids at or above $1 from March 6 to 19, 2026. This resolves the deficiency initially flagged on September 5, 2025, following an extension granted through September 1, 2026.
1. Nasdaq Compliance Restored
On March 20, 2026, Nasdaq confirmed that Garden Stage’s Class A shares had closed at or above $1.00 per share for the required period from March 6 through March 19, 2026, satisfying Listing Rule 5550(a)(2) and closing the compliance matter.
2. Share Consolidation Executed
Effective March 6, 2026, the company consolidated its authorised, issued and outstanding Class A ordinary shares on a 200-to-1 basis, which boosted the post-consolidation closing bid to meet the $1.00 minimum requirement.
3. Listing Deficiency Timeline
Garden Stage was first notified of non-compliance on September 5, 2025, and given 180 calendar days to cure. After an extension to September 1, 2026 was granted on March 5, 2026, the company’s consolidation action enabled full compliance.