Intercont (Cayman) Ltd. has received a notification from the Nasdaq Stock Market that it is not in compliance with the minimum bid price requirement, as its shares traded below $1.00 for 30 consecutive business days. The company has 180 calendar days, until June 15, 2026, to regain compliance. If the share price remains below $1.00, Intercont may be eligible for an additional grace period, provided it meets other listing requirements and submits a plan to address the deficiency, which could include a reverse stock split. There is no immediate impact on the company's Nasdaq listing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intercont (Cayman) Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9603514) on December 20, 2025, and is solely responsible for the information contained therein.
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