Real Messenger Faces 180-Day Nasdaq Compliance Deadline After 30-Day Sub-$1 Trading
Real Messenger received a Nasdaq deficiency notice after its Class A shares closed below $1 for 30 consecutive business days through March 12, 2026. The company has 180 calendar days until September 9, 2026 to regain compliance by achieving a $1 closing bid for ten straight days or executing a reverse split.
1. Nasdaq Deficiency Notice
On March 13, 2026 Real Messenger was notified that its Class A ordinary shares failed to meet the $1 minimum closing bid requirement for 30 straight business days, triggering a formal deficiency under Nasdaq Listing Rule 5550(a)(2). The notice does not impact current trading but initiates the compliance process.
2. Compliance Timeline and Requirements
The company has until September 9, 2026, a 180-day compliance period, to restore share price compliance by closing at or above $1 for ten consecutive business days. If it meets other listing standards and notifies Nasdaq, Real Messenger may qualify for an additional 180-day extension.
3. Potential Remedies and Risks
Real Messenger is evaluating options such as a reverse stock split, which must occur at least ten business days before the compliance deadline to count. There is no guarantee the company will successfully cure the deficiency or avoid delisting proceedings.
4. Company Background
Founded in 2022 and headquartered in Costa Mesa, CA, Real Messenger operates a chat-based real estate platform with over one million users across 35 countries, connecting agents, buyers and sellers through a unified social engagement network.