GlobeNewswire·May 19, 2026, 4:05 PM ET

Alps Group Inc Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

Alps Group Inc received a notification from Nasdaq on May 15, 2026, stating it is not in compliance with the minimum bid price requirement of $1.00 per share under Listing Rule 5450(a)(1).
The non-compliance is based on the Company's ordinary shares closing bid price for the last 30 consecutive business days.
The notification has no immediate effect on the listing, trading, business operations, or financial condition of the Company.
Nasdaq provided an 180-calendar-day compliance period, ending on November 11, 2026, to regain compliance.
The Company may be eligible for an additional 180-day period if it meets market value of publicly held shares & other initial listing standards, excluding the bid price requirement, & notifies Nasdaq of its intent to cure the deficiency via a reverse stock split.
Failure to cure the deficiency or ineligibility for an extension could result in delisting of the Company's securities.
The Company is evaluating options to regain compliance but cannot assure that it will succeed in meeting the rule or other Nasdaq requirements.
The press release includes standard forward-looking statements warnings regarding uncertainties & risks that could cause actual results to differ from projections.