Real Messenger Corporation (NASDAQ:RMSG) received a Nasdaq deficiency notice dated March 13, 2026, which the company disclosed on March 16, 2026. The notice was issued because the company’s share price had closed below the required minimum bid price of $1.00 for 30 consecutive business days, from January 29 to March 12, 2026.
Under Nasdaq’s continued‑listing rules, a company must maintain a $1.00 bid price to remain listed on the Nasdaq Capital Market. A deficiency triggers a 180‑day compliance period, ending September 9, 2026, during which the company must either achieve a $1.00 bid price for 10 consecutive business days or pursue a reverse stock split to raise the price. Failure to meet these conditions results in delisting.
Management said it is monitoring the situation and evaluating options, including a potential reverse split, but acknowledged that there is no assurance the company will regain or maintain compliance. The deficiency notice underscores the challenges the company faces as it continues its transition to a real‑estate technology platform.
Financially, Real Messenger reported a net loss of $3.4 million and diluted earnings per share of –$0.54 for fiscal year 2025, with zero revenue reported for the twelve months ending March 31, 2025. The company’s cash runway is estimated at eight months based on operating cash burn. Despite having over 1 million users across 35 countries, the company remains unprofitable and has no revenue to support its platform strategy.
The deficiency notice signals a significant risk of delisting if compliance is not achieved by the deadline. Delisting would reduce liquidity and could further erode investor confidence, potentially impacting the company’s ability to raise capital and execute its platform strategy.
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