Meridian Holdings Inc./NV 8-K

What Happened

• Meridian Holdings Inc. (MRDN) reported in an 8-K (filed March 18, 2026) that Nasdaq has notified the company it has regained compliance with the $1.00 minimum bid-price requirement. Nasdaq determined the company’s closing bid price was at or above $1.00 for 10 consecutive business days, and the matter is closed.
• The company had been notified on December 31, 2025 that it was below Nasdaq Listing Rule 5550(a)(2) after 34 consecutive business days (Nov 11–Dec 30, 2025) with a closing bid under $1.00 and was given a 180-day cure period through June 30, 2026.

Key Details

• Nasdaq noncompliance notice: December 31, 2025 (34 consecutive business days with closing bid < $1.00).
• Cure period granted by Nasdaq: 180 days, ending June 30, 2026.
• Reverse stock split: 1-for-12 reverse split effective March 3, 2026 (implemented to meet the minimum bid price).
• Nasdaq confirmation of regained compliance: March 17, 2026 (10 consecutive business days with closing bid ≥ $1.00).

Why It Matters

• Regaining compliance avoids the immediate risk of delisting from The Nasdaq Capital Market and restores the company’s standing with Nasdaq.
• The 1-for-12 reverse split reduced the number of outstanding shares and raised the per-share price, which directly addressed the minimum bid-price requirement—an important technical compliance step for continued listing.
• Investors should note the corporate action (reverse split) changed share counts and per-share metrics; the filing confirms Nasdaq has closed the compliance matter but ongoing compliance requires maintaining the applicable listing standards.