Yatra Online Gets Nasdaq Deficiency Notice on $1 Bid Price Rule
YTRA•Yatra Online received a Nasdaq listing deficiency notice for failing to maintain a $1 minimum bid price over 30 consecutive trading days, giving it 180 calendar days to regain compliance. Failure to cure could result in delisting or transfer to the OTC market.
1. Nasdaq Notification Details
Yatra Online received a formal notification from Nasdaq stating it failed to meet the $1 minimum bid price requirement for 30 consecutive trading days. The letter marks the beginning of a compliance review under Nasdaq Listing Rule 5550(a)(2).
2. Compliance Timeline
Under Nasdaq rules, Yatra has 180 calendar days from the date of the notice to restore its share price above $1. The company must demonstrate compliance by maintaining the minimum bid price for at least ten consecutive trading days within the cure period.
3. Potential Delisting Consequences
If Yatra fails to regain compliance within the allotted timeframe, its securities may be subject to delisting or transfer to the OTC market. The company may submit a plan to cure the deficiency or request an extension if it believes it can meet requirements at a later date.
