Janover Regains Compliance with Nasdaq Minimum Bid Price Listing Requirements

Rhea-AI Summary

Janover (Nasdaq: JNVR) has successfully regained compliance with Nasdaq's minimum bid price listing requirements. The company received official confirmation from Nasdaq's Listing Qualifications Department on January 15, 2025. This development follows a previous notification on July 16, 2024, when Janover was found non-compliant with Nasdaq Listing Rule 5550(a)(2) after failing to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days. To resolve this issue, the company needed to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive trading days, which was achieved on January 13, 2025.

Positive

• Regained Nasdaq listing compliance, eliminating risk of delisting
• Maintained $1.00 minimum share price for required period

Negative

• None.

Insights

Financial Compliance Analyst

The regaining of Nasdaq compliance represents a important regulatory milestone for Janover, effectively removing a significant overhang that had been pressuring the stock since July 2024. The compliance achievement through natural price appreciation, rather than through a reverse stock split, is particularly noteworthy as it suggests organic market support for the share price.

The timing of this compliance - achieved just before the 180-day deadline typically given by Nasdaq - indicates strong market confidence in Janover's AI-enabled commercial real estate platform. For context, many companies facing delisting warnings often resort to reverse splits, which can be viewed negatively by the market. Maintaining the $1.00 threshold for 10 consecutive trading days demonstrates sustained buying interest rather than temporary price manipulation.

However, investors should note that while compliance has been regained, the company must maintain this price level to avoid future compliance issues. The relatively small market cap of $7.6 million suggests volatility risks remain and maintaining consistent trading above the minimum bid requirement will be important for long-term Nasdaq listing stability.

Market Structure Specialist

The restoration of Nasdaq compliance has significant implications for Janover's market structure and institutional accessibility. Meeting listing requirements is essential for maintaining institutional investor interest and market making support. The compliance recovery enhances the stock's marketability by:

• Ensuring continued access to major institutional investors who often have minimum price requirements for investments
• Maintaining eligibility for margin trading and options markets
• Preserving broader market visibility and analyst coverage potential

For retail investors, this development reduces the risk of forced selling by investment funds with strict investment guidelines regarding minimum share prices. The ability to maintain compliance through natural price action rather than corporate action (like a reverse split) suggests underlying market support for the current valuation level, though continued vigilance will be necessary given the micro-cap nature of the stock.

BOCA RATON, FL, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform connecting the commercial real estate industry, today announces that on January 15, 2025, the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2). As previously disclosed, on July 16, 2024, the Company was notified by Nasdaq that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) because its common stock failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days. To regain compliance, the Company was required to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive trading days. This requirement was met on January 13, 2025.

About Janover Inc.

Janover is an AI-enabled platform that connects the commercial real estate industry. The company serves over one million annual web users and 1,000+ lenders, including more than 10% of U.S. banks in America, providing debt capital markets services, real estate syndication software, data and AI licensing, and insurance brokerage solutions to entrepreneurial multifamily and commercial real estate owners, developers and professionals. Janover operates through its Debt, Equity, and Insurance divisions, focusing on delivering needed technology-first solutions to commercial real estate professionals. Additional information about the Company is available at: https://janover.co/.

To view the latest investor presentation, please visit https://ir.janover.co/.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) the effect of and uncertainties related the ongoing volatility in interest rates; (ii) our ability to achieve and maintain profitability in the future; (iii) the impact on our business of the regulatory environment and complexities with compliance related to such environment; (iv) our ability to respond to general economic conditions; (v) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (vi) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company’s Registration Statement on Form 1-A related to the public offering (SEC File No. 024-12458) and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Company Contact:
Bruce S. Rosenbloom, CFO
Tel: (561) 782-2788
Email: IR@janover.co

FAQ

When did Janover (JNVR) regain Nasdaq compliance in 2025?

Janover regained compliance with Nasdaq's minimum bid price requirement on January 13, 2025, and received official confirmation on January 15, 2025.

How long was JNVR required to maintain $1.00 share price to regain Nasdaq compliance?

JNVR was required to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive trading days to regain compliance.

When was JNVR first notified of Nasdaq non-compliance?

Janover was notified of non-compliance with Nasdaq's minimum bid price requirement on July 16, 2024.

What caused JNVR's initial Nasdaq non-compliance in 2024?

JNVR failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).