- Yatra Online Inc. (YTRA, Financial) has received a Nasdaq notification for non-compliance with the minimum bid price requirement.
- The company has until October 13, 2025, to raise its stock price above $1.00 for 10 consecutive days.
- Potential actions include a reverse stock split to regain compliance.
Yatra Online Inc. (YTRA), a leading provider of corporate travel services in India, has been notified by Nasdaq of a non-compliance issue regarding its stock's minimum bid price. From March 3 to April 14, 2025, YTRA shares did not maintain the required closing bid price of $1.00 per share, as per Nasdaq Listing Rule 5550(a)(2).
The company has been granted an initial compliance period of 180 days, extending until October 13, 2025. To meet the requirements within this period, YTRA must achieve a closing bid price of $1.00 or more for at least 10 consecutive business days. If YTRA fails to comply, it may still qualify for an additional 180-day extension, provided it adheres to Nasdaq's other listing standards.
Yatra Online is proactively monitoring its stock performance and exploring potential strategies to fulfill Nasdaq's requirements. Among the options under consideration is a reverse stock split, aimed at increasing the share price though success remains uncertain.
The company's current stock price is $0.676, requiring a significant increase of approximately 48% to meet the Nasdaq threshold and secure its continued listing on the Nasdaq Capital Market.
