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Nasdaq to delist Oriental Rise due to stock price below $1 after reverse split, hearing requested.

Market News
20 Apr 2026
Na
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Bearish
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Oriental Rise Holdings Limited received a Nasdaq determination to delist its shares due to the stock price closing below $1 for 30 consecutive days, violating Nasdaq rules. The company is ineligible for the usual 180-day compliance period because of a recent 1-for-20 reverse stock split. Trading suspension is set for April 24, 2026, unless the company requests a hearing by April 22, which it plans to do. Oriental Rise aims to present a plan to regain compliance but faces uncertainty about the hearing outcome and relisting prospects.

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