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 conformità con il requisito di prezzo minimo dell'offerta di $1,00. L'azienda può 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 è 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 possibilità 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 extensión de 180 días de Nasdaq hasta el 7 de julio de 2025 para recuperar el cumplimiento con el requisito mínimo 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 días de negociación consecutivos antes de la fecha límite.
La extensión fue concedida ya que N2OFF cumplió con los requisitos de cotización continua para el valor de mercado de las acciones en circulación y otros criterios iniciales de cotización, excepto el requisito de precio de oferta. La empresa ha expresado su intención de corregir la deficiencia, incluyendo la posibilidad de implementar una división de acciones inversa si es necesario.
La notificación no afecta inmediatamente el estatus de cotización de N2OFF, y sus acciones continúan negociándose en el Nasdaq Capital Market bajo el símbolo 'NITO'.
N2OFF (NASDAQ: NITO)는 2025년 7월 7일까지 최소 $1.00 입찰가 요건을 회복하기 위해 Nasdaq으로부터 180일 연장을 받았습니다. 회사는 마감 입찰가가 마감일 이전 10일 연속 거래일 동안 $1.00 이상으로 유지되면 요건을 충족할 수 있습니다.
이 연장은 N2OFF가 공개 발행 주식의 시장 가치 및 기타 초기 상장 기준의 지속적인 상장 요건을 충족했기 때문에 부여되었습니다. 회사는 필요한 경우 주식 분할을 시행하는 가능성을 포함하여 결함을 해결할 의 intent를 표현했습니다.
이 통지는 N2OFF의 상장 상태에 즉각적인 영향을 미치지 않으며, N2OFF의 주식은 계속해서 'NITO' 기호로 Nasdaq Capital Market에서 거래되고 있습니다.
N2OFF (NASDAQ: NITO) a reçu une prolongation de 180 jours de la part de Nasdaq jusqu'au 7 juillet 2025 pour retrouver la conformité avec l'exigence minimale de prix d'offre de $1,00. L'entreprise peut atteindre la conformité si son prix de clôture reste à $1,00 ou plus pendant au moins 10 jours de bourse consécutifs avant la date limite.
La prolongation a été accordée parce que N2OFF a respecté les exigences continues de cotation en ce qui concerne la valeur de marché des actions détenues publiquement et d'autres critères initiaux de cotation, à l'exception de l'exigence de prix d'offre. L'entreprise a exprimé son intention de remédier à la déficience, y compris la possibilité de mettre en œuvre une opération de regroupement d'actions si nécessaire.
La notification n'affecte pas immédiatement le statut de cotation de N2OFF, et ses actions continuent d'être négociées sur le Nasdaq Capital Market sous le symbole 'NITO'.
N2OFF (NASDAQ: NITO) hat von Nasdaq eine 180-tägige Fristverlängerung bis zum 7. Juli 2025 erhalten, um die Einhaltung des Mindestpreises von $1,00 wiederherzustellen. Das Unternehmen kann die Einhaltung erreichen, wenn sein Schlusskurs für mindestens 10 aufeinanderfolgende Handelstage vor Ablauf der Frist bei oder über $1,00 bleibt.
Die Fristverlängerung wurde gewährt, weil N2OFF die fortlaufenden Listungsanforderungen für den Marktwert der öffentlich gehaltenen Aktien und andere anfängliche Listungskriterien erfüllt hat, ausgenommen des Angebotspreisrequirements. Das Unternehmen hat seine Absicht bekundet, die Mängel zu beheben, einschließlich der Möglichkeit, wenn nötig, eine Aktienzusammenlegung durchzuführen.
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) (“N2OFF” or the “Company”), 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 (“Nasdaq”) that it has been granted an additional 180-day compliance period, or until July 7, 2025, to regain compliance with Nasdaq’s minimum
If at any time until July 7, 2025, the closing bid price of the Company’s common stock is at least
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 Nasdaq Capital Market, with the exception of the bid price requirement, and the Company’s 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’s common stock, which continue to be listed and traded on the Nasdaq Capital Market under the symbol “NITO.”
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: www.n2off.com.
Forward-looking Statements:
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” 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 “Risk Factors” in N2OFF’s 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
michal@efraty.com
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?
