Bit Origin announces receipt of Nasdaq notification of non-compliance

Bit Origin (BTOG) announced that it has received a written notification from the Listing Qualifications staff of The Nasdaq Stock Market notifying the Company that it is no longer in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, listing Rule 5550(b)(1), due to its failure to maintain a minimum of $2,500,000 in stockholders’ equity. In the Company’s Form 20-F dated December 26, 2024, the Company reported stockholders’ equity of $909,583 as of June 30, 2024.