Greenland Mines Ltd 8-K

What Happened

• Greenland Mines Ltd (GRML) announced that on March 19, 2026 it received written notice from The Nasdaq Stock Market LLC granting an additional six‑month extension until September 14, 2026 to regain compliance with the Nasdaq $1 minimum bid price requirement (Nasdaq Listing Rule 5450(a)(1), the “Bid Price Rule”). The company issued a related press release on March 23, 2026.
• The extension is subject to conditions in Nasdaq’s notice. If GRML fails to meet the Bid Price Rule for 10 consecutive business days by September 14, 2026, its common stock will be subject to delisting from Nasdaq. The company was first notified of non‑compliance on September 19, 2025 and had previously been granted an initial 180‑day cure period that expired March 18, 2026.

Key Details

• Notice date from Nasdaq: March 19, 2026; press release issued March 23, 2026 (Exhibit 99.1).
• New compliance deadline: September 14, 2026.
• Trigger for delisting: failure to regain a $1 bid price for 10 consecutive business days by the deadline.
• Original non‑compliance notice: September 19, 2025; initial extension ran to March 18, 2026.

Why It Matters

• This is material for investors because continued non‑compliance could lead Nasdaq to delist GRML’s common stock, which may affect liquidity, visibility and how easily shareholders can trade the shares.
• The extension gives the company additional time to regain the required $1 bid price; shareholders should watch for updates from the company and changes in the market price or any remedial actions the company announces.