Business Context and Reporting Period
Company: GIFTIFY, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: August 3, 2026
Reporting Period: Event date August 3, 2026; Signed August 7, 2026
Exchange: The Nasdaq Capital Market LLC (Symbol: GIFT)
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a regulatory notice regarding listing compliance.
Material Changes
Delisting Notice: On August 3, 2026, the Company received a notice from Nasdaq stating it failed to meet the minimum bid price requirement of $1.00 per share under Rule 5550(a)(2). The closing bid price remained below $1.00 for the last 30 consecutive business days prior to the notice.
Outlook, Risks, and Management Commentary
- Compliance Period: The Company has been granted an initial 180-calendar day period to regain compliance.
- Compliance Criteria: To cure the deficiency, the closing bid price must be at least $1.00 for a minimum of 10 consecutive business days within the 180-day window.
- Extension Possibility: If the Company remains deficient after the initial period, Nasdaq may grant an additional 180-day period, contingent upon meeting other listing criteria such as minimum market value of publicly held shares and shareholders' equity.
- Risk: Failure to regain compliance within the allotted timeframes may result in delisting from the Nasdaq Capital Market.
Investor Verification Checklist
- Verify the current trading price of GIFT stock to assess proximity to the $1.00 threshold.
- Monitor the Company's stock price for 10 consecutive days of trading at or above $1.00.
- Review upcoming filings for updates on the Company's plan to regain compliance or potential reverse stock splits.
- Check the Company's balance sheet to ensure it meets other Nasdaq listing criteria (e.g., market value of publicly held shares) in case an extension is required.