Innovation Beverage Group Ltd announced on August 29, 2025, that it received a Nasdaq Staff Delisting Determination Letter from The Nasdaq Stock Market LLC. The letter stated that the company had not regained compliance with Nasdaq Listing Rule 5550(a)(2). This rule pertains to the minimum bid price requirement.
The company had been allotted a compliance period but failed to meet the minimum bid price during that time. In response to the delisting determination, IBG requested a hearing before the Nasdaq Hearings Panel. This request was granted, and a hearing has been scheduled for October 2025.
The request for a hearing has temporarily stayed any suspension or delisting action, pending the conclusion of the hearing process and any potential extension. However, the receipt of this letter indicates a serious challenge to the company's continued listing on Nasdaq.
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