Bit Origin Ltd. Faces Nasdaq Bid Price Non-Compliance
Ticker: BTOG · Form: 6-K · Filed: Aug 29, 2025 · CIK: 1735556
| Field | Detail |
|---|---|
| Company | Bit Origin Ltd (BTOG) |
| Form Type | 6-K |
| Filed Date | Aug 29, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: listing-compliance, delisting-risk, sec-filing
TL;DR
Nasdaq says BIT's stock price is too low, risking delisting.
AI Summary
Bit Origin Ltd. received a written notice from Nasdaq on February 21, 2025, for failing to meet the minimum bid price requirement of $1.00 per share, as per Nasdaq Listing Rule 5550(a)(2). This follows a previous disclosure on February 26, 2025, regarding the same issue.
Why It Matters
Failure to regain compliance with Nasdaq's minimum bid price rule could lead to delisting, impacting the company's ability to trade publicly and potentially affecting investor confidence.
Risk Assessment
Risk Level: medium — The company is non-compliant with a key Nasdaq listing rule, which could lead to delisting if not rectified.
Key Numbers
- $1.00 — Minimum Bid Price (Required by Nasdaq Listing Rule 5550(a)(2) for continued listing.)
Key Players & Entities
- Bit Origin Ltd. (company) — Registrant
- Nasdaq (company) — Stock Exchange
- February 21, 2025 (date) — Date of Nasdaq notice
- February 26, 2025 (date) — Date of previous disclosure
- Nasdaq Listing Rule 5550(a)(2) (rule) — Rule regarding minimum bid price
FAQ
What specific rule did Bit Origin Ltd. violate according to the Nasdaq notice?
Bit Origin Ltd. failed to comply with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
When did Bit Origin Ltd. receive the written notice from Nasdaq?
The company received the written notice from Nasdaq on February 21, 2025.
Has Bit Origin Ltd. previously disclosed issues with Nasdaq listing rules?
Yes, the company previously disclosed receiving a written notice from Nasdaq regarding non-compliance on a Form 6-K filed on February 26, 2025.
What is the consequence of failing to meet the minimum bid price requirement?
Failure to meet the minimum bid price requirement can lead to delisting from the Nasdaq stock exchange.
Where is Bit Origin Ltd. based?
Bit Origin Ltd. is based in Singapore, with its principal executive office located at 160 Robinson Road, 12F, SBF Center, Singapore 068914.
Filing Stats: 531 words · 2 min read · ~2 pages · Grade level 13.7 · Accepted 2025-08-29 16:30:27
Key Financial Figures
- $1.00 — ties to maintain a minimum bid price of $1.00 per share. A failure to comply with Nas
Filing Documents
- tm2524683d1_6k.htm (6-K) — 13KB
- tm2524683d1_ex99-1.htm (EX-99.1) — 8KB
- 0001104659-25-085722.txt ( ) — 21KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: August 29, 2025 BIT ORIGIN LTD. By: /s/ Jinghai Jiang Name: Jinghai Jiang Title: Chief Executive Officer, Chief Operating Officer and Chairman of the Board