News & Events zu Real Messenger Corp (RMSG)RMSGReal Messenger Corp

Real Messenger Authorizes $2M Share Buyback Program

Real Messenger announced that its board of directors authorized, on August 20, a two-year program to repurchase the company's Class A ordinary shares, par value US$0.0001 per share, in an amount up to an aggregate of $2M.

Real Messenger Receives Nasdaq Warning for Price Below $1

Real Messenger received a notification letter from The Nasdaq Stock Market, notifying the Company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2), because the closing bid price of the Company's class A ordinary shares was below $1 per share for the last 30 consecutive business days. The Nasdaq Letter is only a notification of deficiency. It does not result in the immediate delisting and has no current effect on the listing or trading of the Company's class A ordinary shares on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until January 19, 2027 to regain compliance with the minimum bid price requirement. To regain compliance with the minimum bid price requirement, the closing bid price of the Company's class A ordinary shares must be at least $1.00 per share for a minimum of 10 consecutive business days at any time prior to the expiration of Compliance Period. If the Company regains compliance with the minimum bid price requirement within the Compliance Period, Nasdaq will provide the Company with written confirmation and will close the matter. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten business days prior to January 19, 2027 in order to regain compliance. If the Company does not regain compliance by January 19, 2027, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting.

Real Messenger Receives Nasdaq Notice of Non-Compliance with $2.5M Equity Requirement

Real Messenger announced that it received a notification letter from The Nasdaq Stock Market dated April 6, notifying the Company that, based on the reported stockholders' equity of $1,110,873 of the Company as reported in its unaudited interim financial report on Form 6-K filed with the SEC on March 31, it was no longer in compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550 requires listed companies to maintain stockholders' equity of at least $2,500,000. The Nasdaq notification does not affect the listing of the Company's securities at this time. The Company intends to regain compliance within the applicable compliance period and is currently working on a plan including financial projections. If the plan is approved, Nasdaq can grant an extension of up to 180 calendar days from the date of the letter to evidence compliance.