Black Titan Corporation receives Nasdaq non-compliance notice

Black Titan Corporation, a provider of human capital management (HCM) and enterprise resource planning (ERP) solutions, has announced it has received a Nasdaq non-compliance notice. The notice, issued on September 2, 2026, indicates that the company’s ordinary shares have failed to meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days, a condition necessary for continued listing on the Nasdaq Capital Market.

According to the notice, the non-compliance stems from the closing bid price of Black Titan’s shares, which fell below the required threshold for the period from July 22, 2026, to September 1, 2026. Despite this, the listing of the company’s shares remains unaffected, and trading will continue as normal, subject to the company’s compliance with other listing requirements.

Black Titan has been granted 180 calendar days, or until March 1, 2027, to regain compliance. To meet this requirement, the company must ensure that its ordinary shares close at a bid price of at least $1.00 per share for at least 10 consecutive business days during this period. The company has the option to apply for an additional 180-day compliance period, provided it meets certain conditions.

In a statement, Brynner Chiam, Co-Chief Executive Officer of Black Titan Corporation, said, "We are committed to addressing this issue and are actively evaluating our options to regain compliance with the minimum bid price requirement. However, we acknowledge the uncertainties involved and the possibility that we may not achieve compliance within the initial period."

Chiam added, "While we are working diligently, we urge our shareholders and investors to remain informed and patient as we navigate this process."

Black Titan Corporation provides HCM and ERP solutions across Southeast Asia, serving clients in financial institutions, manufacturing, utilities, higher education, and other sectors. The company is expanding its regional presence to meet the growing demand for HCM and ERP solutions.

The notice highlights the company’s reliance on maintaining compliance with Nasdaq’s listing rules, which are crucial for the ongoing trading and investor confidence. The company’s ability to regain compliance within the given period is essential for sustaining its listing and continued operations.

Forward-looking statements in the press release indicate that Black Titan is exploring options such as a potential reverse stock split to address the non-compliance. The company cautions that there is no assurance that it will be able to achieve compliance or maintain listing requirements within the specified timeframe.