Golden Matrix Group Inc. has received a notice from the Nasdaq Stock Market indicating that the company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. The company’s stock traded below this threshold for 34 consecutive business days, triggering the notice. Golden Matrix has 180 days, until June 30, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. If compliance is not achieved, the company may be eligible for an additional 180-day grace period if it meets other listing criteria and indicates its intention to resolve the deficiency, potentially through a reverse stock split. Failure to regain compliance could result in the company’s stock being delisted from the Nasdaq Capital Market, though the company would have the opportunity to appeal any delisting decision.
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. Golden Matrix Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-000008), on January 02, 2026, and is solely responsible for the information contained therein.
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