why is deft stock dropping - DeFi Technologies Faces Nasdaq Delisting Risk Over Low Share Price

DeFi Technologies Inc. has been warned by Nasdaq after its share price fell below the $1 minimum bid requirement for 30 consecutive business days. The Toronto-based fintech firm, trading under the ticker DEFT, must raise its share price to at least $1 for 10 consecutive days by September 1, 2026, to comply with Nasdaq's Listing Rule 5550(a)(2).The company has experienced a significant decline in its stock price, dropping from over $2.50 last year to around $0.67 recently. DeFi Technologies is considering options to restore compliance, such as a reverse stock split, to avoid potential delisting. The notice does not immediately affect the trading of its shares, but the firm must act to meet Nasdaq's requirements.
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