N2OFF Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule
N2OFF (NASDAQ: NITO) has received a 180-day extension from Nasdaq until July 7, 2025, to regain compliance with the minimum $1.00 bid price requirement. The company can meet compliance if its closing bid price stays at or above $1.00 for at least 10 consecutive trading days before the deadline.
The extension was granted based on N2OFF meeting continued listing requirements for market value of publicly held shares and other initial listing criteria, except for the bid price requirement. The company has expressed its intention to cure the deficiency, including the possibility of implementing a reverse stock split if necessary.
The notification does not immediately affect N2OFF's listing status, and its shares continue trading on the Nasdaq Capital Market under the symbol 'NITO'.
N2OFF (NASDAQ: NITO) ha ricevuto un'estensione di 180 giorni da Nasdaq fino al 7 luglio 2025 per recuperare la conformit脿 con il requisito di prezzo minimo dell'offerta di $1,00. L'azienda pu貌 rispettare il requisito se il prezzo di chiusura rimane a $1,00 o superiore per almeno 10 giorni di trading consecutivi prima della scadenza.
L'estensione 猫 stata concessa sulla base del fatto che N2OFF ha soddisfatto i requisiti di quotazione continuativa per il valore di mercato delle azioni detenute pubblicamente e altri criteri di quotazione iniziali, ad eccezione del requisito di prezzo dell'offerta. L'azienda ha espresso l'intenzione di risolvere la carenza, inclusa la possibilit脿 di implementare uno spaccato azionario inverso se necessario.
La notifica non influisce immediatamente sullo stato di quotazione di N2OFF, e le sue azioni continuano a essere scambiate sul Nasdaq Capital Market con il simbolo 'NITO'.
N2OFF (NASDAQ: NITO) ha recibido una extensi贸n de 180 d铆as de Nasdaq hasta el 7 de julio de 2025 para recuperar el cumplimiento con el requisito m铆nimo de precio de oferta de $1.00. La empresa puede cumplir si su precio de oferta de cierre se mantiene en o por encima de $1.00 durante al menos 10 d铆as de negociaci贸n consecutivos antes de la fecha l铆mite.
La extensi贸n fue concedida ya que N2OFF cumpli贸 con los requisitos de cotizaci贸n continua para el valor de mercado de las acciones en circulaci贸n y otros criterios iniciales de cotizaci贸n, excepto el requisito de precio de oferta. La empresa ha expresado su intenci贸n de corregir la deficiencia, incluyendo la posibilidad de implementar una divisi贸n de acciones inversa si es necesario.
La notificaci贸n no afecta inmediatamente el estatus de cotizaci贸n de N2OFF, y sus acciones contin煤an negoci谩ndose en el Nasdaq Capital Market bajo el s铆mbolo 'NITO'.
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N2OFF (NASDAQ: NITO) a re莽u une prolongation de 180 jours de la part de Nasdaq jusqu'au 7 juillet 2025 pour retrouver la conformit茅 avec l'exigence minimale de prix d'offre de $1,00. L'entreprise peut atteindre la conformit茅 si son prix de cl么ture reste 脿 $1,00 ou plus pendant au moins 10 jours de bourse cons茅cutifs avant la date limite.
La prolongation a 茅t茅 accord茅e parce que N2OFF a respect茅 les exigences continues de cotation en ce qui concerne la valeur de march茅 des actions d茅tenues publiquement et d'autres crit猫res initiaux de cotation, 脿 l'exception de l'exigence de prix d'offre. L'entreprise a exprim茅 son intention de rem茅dier 脿 la d茅ficience, y compris la possibilit茅 de mettre en 艙uvre une op茅ration de regroupement d'actions si n茅cessaire.
La notification n'affecte pas imm茅diatement le statut de cotation de N2OFF, et ses actions continuent d'锚tre n茅goci茅es sur le Nasdaq Capital Market sous le symbole 'NITO'.
N2OFF (NASDAQ: NITO) hat von Nasdaq eine 180-t盲gige Fristverl盲ngerung bis zum 7. Juli 2025 erhalten, um die Einhaltung des Mindestpreises von $1,00 wiederherzustellen. Das Unternehmen kann die Einhaltung erreichen, wenn sein Schlusskurs f眉r mindestens 10 aufeinanderfolgende Handelstage vor Ablauf der Frist bei oder 眉ber $1,00 bleibt.
Die Fristverl盲ngerung wurde gew盲hrt, weil N2OFF die fortlaufenden Listungsanforderungen f眉r den Marktwert der 枚ffentlich gehaltenen Aktien und andere anf盲ngliche Listungskriterien erf眉llt hat, ausgenommen des Angebotspreisrequirements. Das Unternehmen hat seine Absicht bekundet, die M盲ngel zu beheben, einschlie脽lich der M枚glichkeit, wenn n枚tig, eine Aktienzusammenlegung durchzuf眉hren.
Die Benachrichtigung hat keinen sofortigen Einfluss auf den Status der Listung von N2OFF, und die Aktien werden weiterhin unter dem Symbol 'NITO' am Nasdaq Capital Market gehandelt.
- Company remains listed on Nasdaq Capital Market
- Received additional 180 days to meet compliance requirements
- Meets all other Nasdaq listing requirements except bid price
- Stock trading below $1.00 minimum bid requirement
- Potential reverse stock split may be necessary
- Risk of delisting if compliance not achieved by July 7, 2025
Insights
The 180-day extension from Nasdaq represents a critical but challenging situation for N2OFF. The company must elevate its share price above <money>$1.00</money> for at least 10 consecutive trading days before July 7, 2025, to maintain its Nasdaq listing. This extension, while providing breathing room, signals underlying financial stress that could impact investor confidence.
The company's small market cap of <money>$19,052,014</money> and current trading below <money>$1.00</money> indicates significant market skepticism. While the company meets other Nasdaq Capital Market listing requirements, the persistent low share price suggests fundamental challenges. The mention of a potential reverse stock split as a compliance method is particularly concerning, as such moves often face negative market reception and can lead to further price deterioration after initial artificial price elevation.
For simple understanding: Imagine a restaurant that's been given extra time to improve its health inspection score. While it's still open for business, the extension itself is a warning sign that fundamental issues need addressing. The possibility of a reverse split is like combining multiple small meals into one larger portion - it doesn't add more food, it just makes it look bigger on the plate.
Neve Yarak, Israel, Jan. 08, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc.\ (NASDAQ: NITO) (FSE:80W) (鈥淣2OFF鈥� or the 鈥淐ompany鈥�), a clean tech company engaged in sustainable solutions for the energy and agri-tech industries, announced that on January 7, 2025 the Company received formal notification from the Listing Qualification Department of the Nasdaq Stock Market (鈥淣asdaq鈥�) that it has been granted an additional 180-day compliance period, or until July 7, 2025, to regain compliance with Nasdaq鈥檚 minimum
If at any time until聽July 7, 2025, the closing bid price of the Company鈥檚 common stock is at least聽
In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), Nasdaq staff determined that N2OFF was eligible for an additional 180-day period to regain compliance based on the Company meeting the continued listing requirement for the market value of publicly held shares and all other applicable requirements for initial listing on the聽Nasdaq Capital Market, with the exception of the bid price requirement, and the Company鈥檚 written notice of its intention to cure the deficiency during the second compliance period and, if necessary, to do so by effecting a reverse stock split.
This current notification from Nasdaq has no immediate effect on the listing or trading of the Company鈥檚 common stock, which continue to be listed and traded on the Nasdaq Capital Market under the symbol 鈥淣ITO.鈥�
About N2OFF, Inc.:
N2OFF, Inc. (formerly known as Save Foods, Inc.) is a clean tech company engaged in sustainable solutions for energy and innovation for agri- tech. Through its operational activities it delivers integrated solutions for sustainable energy, greenhouse gas emissions reduction and safety, quality solutions for the agri- tech market. NTWO OFF Ltd., N2OFF's majority-owned Israeli subsidiary, aims to contribute in tackling greenhouse gas emissions, offering a pioneering solution to mitigate nitrous oxide (N2O) emissions, a potent greenhouse gas with 310 times the global warming impact of carbon dioxide. NTWO OFF Ltd., aims to promote agricultural practices that are both environmentally friendly and economically viable. N2OFF recently entered the solar PV market and will provide funding to Solterra Renewable Energy Ltd. for the current project in the total Capacity of 111 MWp, as well as potential future projects. Save Foods Ltd., N2OFF's majority-owned Israeli subsidiary, focuses on post-harvest treatments in fruit and vegetables to control and prevent pathogen contamination. N2OFF also has a minority ownership in Plantify Foods, Inc., a Canadian company listed on the TSXV that offers a wide range of clean-label healthy food options. For more information on Save Foods Ltd. and NTWO OFF Ltd. visit our website:聽.
Forward-looking Statements:
This press release contains forward-looking statements within the meaning of the 鈥渟afe harbor鈥� provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渂elieves,鈥� 鈥渟eeks,鈥� 鈥渆stimates鈥� and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on our current expectations, they are subject to various risks and uncertainties. Actual results, performance or achievements could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including market conditions as well as those discussed under the heading 鈥淩isk Factors鈥� in N2OFF鈥檚 Annual Report on Form 10-K filed with the SEC on April 1, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. We are not responsible for the contents of third-party websites.
Investor Relations Contacts:
Michal Efraty
FAQ
What is the deadline for N2OFF (NITO) to regain Nasdaq compliance?
What must NITO's stock price reach to maintain Nasdaq listing?
Will NITO be immediately delisted from Nasdaq?
What options does N2OFF have to regain Nasdaq compliance?
