The InterGroup Corporation has been notified by the Nasdaq Listing Qualifications Department that it has failed to meet the minimum market value requirement of $35 million for its listed securities, as per Nasdaq Listing Rule 5550(b)(2). This issue persisted for over 30 consecutive trading days, leading to a potential delisting from The Nasdaq Capital Market. Initially given until May 20, 2025, to regain compliance, the company failed to meet the criteria, prompting Nasdaq to plan a suspension of trading effective June 5, 2025. However, The InterGroup Corporation filed a timely appeal and was granted an extension by the Nasdaq Hearings Panel on July 17, 2025. The company now has until September 30, 2025, to demonstrate compliance by maintaining a market value of at least $35 million for ten consecutive trading days. In response, management is taking steps to enhance market visibility and shareholder value, including efforts to communicate the company's strategic outlook and intrinsic value.
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