Nasdaq minimum bid price compliance notice and 180-day compliance period
Company: Marathon Digital
What the later record shows
Not a promise: a reported event · happened April 6, 2020
The claim reports a Nasdaq deficiency notice already received on April 6, 2020. A later filing (P7) shows compliance was regained as of August 6, 2020.
“As of April 6, 2020, the Company received notice from the Nasdaq Capital Market”
2020-08-13 · Marathon Digital 10-Q filed 2020-08-14 View cached copy (2026-09-13)Live source ↗
“As of August 6, 2020, the Company has regained compliance with Rule 5550(a)(2) as the closing bid price has been in excess of $1.00 per share for the past ten trading days.”
2020-12-10 · Marathon Digital S-3 filed 2020-12-11 View cached copy (2026-09-13)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
On April 6, 2020, Nasdaq Capital Market notified company of failure to maintain $1.00 minimum bid price, with 180-day compliance period ending October 5, 2020
Source (primary)
Marathon Digital 10-Q filed 2020-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “As of April 6, 2020, the Company received notice from the Nasdaq Capital Market (the "Capital Market") that the Company has failed to maintain a minimum closing bid price of $1.00 per share of its Common Stock over the last consecutive 30 business days based upon the closing bid price for its common stock as required by Rule 5550(a)(2). However, the Rules also provide the Company a compliance period of 180 calendar days in which to regain compliance during which time it must maintain a minimum closing bid price of at least $1.00 per share for a minimum period of 10 consecutive business days, which must be completed by October 5, 2020.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing describes the April 6, 2020 Nasdaq deficiency notice, the 180-day compliance period, and the October 5, 2020 deadline.
Confirmed in the source:
- As of April 6, 2020, the company had received notice from the Nasdaq Capital Market that it failed to maintain a $1.00 minimum closing bid price
- The company was given a 180-calendar-day compliance period
- Compliance had to be regained by October 5, 2020
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315220015625/form10-q.htm) in full (72,013 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 10-Q filed 2020-08-14
Quote: “As of April 6, 2020, the Company received notice from the Nasdaq Capital Market (the "Capital Market") that the Company has failed to maintain a minimum closing bid price of $1.00 per share of its Common Stock over the last consecutive 30 business days based upon the closing bid price for its common stock as required by Rule 5550(a)(2). However, the Rules also provide the Company a compliance period of 180 calendar days in which to regain compliance during which time it must maintain a minimum closing bid price of at least $1.00 per share for a minimum period of 10 consecutive business days, which must be completed by October 5, 2020.”