Orion Digital receives Nasdaq minimum bid price deficiency notice

Orion Digital Corp. (NASDAQ: ORIO, TSX: ORIO) announced it received a written notification from Nasdaq on June 25, 2026, stating that the company's common shares had closed below the minimum $1.00 per share bid price requirement for 30 consecutive business days, triggering a deficiency under Nasdaq Listing Rule 5550(a)(2).

The notification has no immediate effect on the listing or trading of the shares, which will continue to trade on Nasdaq under the symbol "ORIO." The company's listing on the Toronto Stock Exchange is also unaffected.

Under Nasdaq Listing Rule 5810(c)(3)(A), Orion Digital has 180 calendar days, until December 22, 2026, to regain compliance. Compliance will be confirmed if the bid price closes at or above $1.00 per share for a minimum of 10 consecutive business days before that deadline.

If the company does not regain compliance by December 22, 2026, and meets all other listing standards, it may be eligible for an additional 180-day compliance period, subject to Nasdaq staff approval.

Orion Digital stated its business operations are not affected by the notification and that it intends to monitor its share price and evaluate available options to regain compliance within the required timeframe.

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