The Intergroup Corporation Faces Nasdaq Delisting Risk Due to Market Value Non-Compliance

Reuters

2025/05/29

<a href="https://laohu8.com/S/INTG">The Intergroup Corporation</a> Faces Nasdaq Delisting Risk Due to Market Value Non-Compliance

The InterGroup Corporation is facing a potential delisting from The Nasdaq Capital Market due to its failure to meet the minimum market value requirement of $35 million, as stipulated by Nasdaq's Listing Rule 5550(b)(2). Despite being given a 180-day grace period to regain compliance, the company has not met the standard. Nasdaq's Listing Qualifications Department informed The InterGroup Corporation on May 27, 2025, that its securities would be delisted and trading suspended as of June 5, 2025, unless an appeal is filed. The company plans to appeal this decision by June 3, 2025, which will temporarily delay the suspension and delisting process until a panel decision is made.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Intergroup Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-012730), on May 28, 2025, and is solely responsible for the information contained therein.

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The Intergroup Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-012730), on May 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4233","symbol_name":"房地產運營公司","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250528:nNDL2WKdZv:1","article_id":"2539011574","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539011574","pubTimestamp":1748465778,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"The InterGroup Corporation is facing a potential delisting from The Nasdaq Capital Market due to its failure to meet the minimum market value requirement of $35 million, as stipulated by Nasdaq's Listing Rule 5550. 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