Freightos Discloses Nasdaq Minimum-Bid Notice With May 10 Compliance Deadline

Freightos disclosed on November 13 that Nasdaq had notified it of a failure to meet the exchange’s minimum closing bid price requirement. The freight pricing, booking and procurement technology company said it received the written notice on November 10 and has until May 10, 2027, to regain compliance. The notice concerns Nasdaq Capital Market Listing Rule 5550(a)(2), which requires a closing bid of at least $1 per ordinary share. Freightos said its shares had closed below that level for 30 consecutive business days, from September 29 through November 9. During the initial 180-calendar-day compliance period, the closing bid must reach at least $1 for a minimum of 10 consecutive business days. Nasdaq can require a longer period under its rules. Freightos said the notice has no immediate effect on its listing and that its ordinary shares continue trading under the symbol CRGO during the compliance period. The company stated: “The Notification Letter does not affect the Company's business operations.” If compliance is restored, Nasdaq would confirm that in writing and close the matter. The company said it will monitor the closing bid and consider available remedies, potentially including a reverse share split if necessary and subject to required shareholder approval. If it misses the May 10 deadline, it may qualify for another 180-calendar-day period. Freightos cautioned that regaining or maintaining compliance is not assured.