Yatra Online, Inc. announced on April 21, 2025, that it received a notification letter from the Nasdaq Stock Market on April 15, 2025. The letter informed the company that its ordinary shares had not maintained a minimum closing bid price of $1.00 per share for the period from March 3, 2025, to April 14, 2025. This indicates non-compliance with Nasdaq Listing Rule 5550(a)(2).
The Nasdaq letter does not result in immediate delisting, as the company has an initial period of 180 calendar days, until October 13, 2025, to regain compliance. To do so, the closing bid price of its ordinary shares must close at $1.00 or more per share for a minimum of 10 consecutive business days. The company intends to monitor its share price.
If compliance is not regained by the deadline, Yatra may be eligible for an additional 180-day compliance period, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency. This could involve a reverse stock split, if deemed necessary. There is no assurance that the company will regain or maintain compliance.
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