Golden Matrix Group, Inc. 8-K

What Happened Golden Matrix Group, Inc. (GMGI) reported in an 8-K that on December 31, 2025 it received a notice from the Nasdaq Listing Qualifications Department that the company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum $1.00 per share bid price. Nasdaq found the deficiency based on the closing bid price for 34 consecutive business days from November 11, 2025 through December 30, 2025. The notice does not remove the company’s listing immediately but starts a compliance process.

Key Details

• Rule cited: Nasdaq Listing Rule 5550(a)(2) (minimum $1.00 bid) and Listing Rule 5810(c)(3)(A) (definition of deficiency period).
• Observed deficiency: 34 consecutive business days with closing bid below $1.00 (Nov 11–Dec 30, 2025).
• Initial cure period: 180 calendar days to regain compliance (deadline June 30, 2026) by achieving a $1.00+ closing bid for at least 10 consecutive business days.
• Possible next steps: If eligible, GMGI may request an additional 180-day period by meeting other initial listing criteria (aside from bid price) and notifying Nasdaq of intent to cure (e.g., via a reverse stock split); failure to regain compliance could lead to delisting and an appeal to a Hearings Panel.

Why It Matters A continued failure to meet Nasdaq’s minimum bid requirement can lead to delisting, which would likely reduce liquidity and could negatively affect the stock price and investor ability to trade shares. GMGI remains listed for now and says it will monitor the share price and consider available options (including a reverse stock split) to regain compliance. Investors should watch the company’s closing bid prices and future disclosures for developments before the June 30, 2026 compliance deadline.