Nasdaq listing compliance failure notice
Company: Marathon Digital
The claim, verbatim
Company failed to maintain a minimum closing bid price of $1.00 per share over the last consecutive 30 business days as required by Nasdaq Rule 5550(a)(2)
Source (primary)
Marathon Digital 8-K filed 2020-04-09 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “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)”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The 8-K says Nasdaq notified the company that its stock closed below $1.00 for 30 consecutive business days, in breach of Rule 5550(a)(2).
Confirmed in the source:
- Marathon Patent Group received a Nasdaq Capital Market notice, as of April 6, 2020, that it had failed to maintain a minimum closing bid price of $1.00 per share of its common stock
- The failure covered the last consecutive 30 business days
- The $1.00 minimum bid price requirement is under Rule 5550(a)(2)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315220006123/form8-k.htm) in full (4,660 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2020-04-09
Quote: “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)”