Orion Digital Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

About this update from Orion Digital Corp.

Orion Digital Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency .bwalignc { text-align: center; list-style-position: inside } Orion Digital Corp. (NASDAQ:ORIO) (TSX:ORIO) (“Orion Digital” or the “Company”), today announced that on June 25, 2026, it received a written notification (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, for the last thirty consecutive business days, the bid price for the Company’s common shares (the “Shares”) had closed below the minimum US$1.00 per share requirement for continued listing on Nasdaq under Nasdaq Listing Rule 5550(a)(2). The Notification Letter is only a notification of deficiency and has no immediate effect on the listing or trading of the Shares and the Shares will continue to trade on Nasdaq under the symbol “ORIO.” The Shares are also listed on the Toronto Stock Exchange and the Notification Letter does not affect the Company’s compliance status with such listing. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until December 22, 2026, to regain compliance. The letter states that the Nasdaq staff will provide written confirmation that the Company has achieved compliance with Rule 5550(a)(2) if at any time before December 22, 2026, the bid price of the Shares closes at US$1.00 per Share or more for a minimum of ten consecutive business days. The Company intends to monitor the bid price of its Shares between now and December 22, 2026, and to evaluate its available options to regain compliance with Nasdaq’s minimum bid price rule within the compliance period. If the Company does not regain compliance with Rule 5550(a)(2) by December 22, 2026, and it meets all other listing standards and requirements, the Company may be eligible for an additional 180 calendar day compliance period, subject to determination by the staff of Nasdaq. Orion Digital’s business operations are not affected by the receipt of the Notification Letter and the Company intends to resolve the deficiency and regain compliance with the Nasdaq Listing Rules. Forward-Looking Statements This news release may contain "forward-looking statements" within the meaning of a...

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