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ORIO receives Nasdaq notice for sub-$1 bid; 180 days to regain compliance
Orion Digital (ORIO) received a Nasdaq notification saying its common share bid price closed below the US$1.00 minimum for the last 30 consecutive business days, triggering a notice of deficiency but not affecting current trading. Nasdaq has given the company 180 calendar days (until December 22, 2026) to regain compliance by having the bid close at $1.00 or more for at least ten consecutive business days. The company says operations are unaffected, it will monitor options to regain compliance, and it may be eligible for an additional 180-day extension if it meets other listing requirements.
ORIO shareholders approve board slate and reappoint auditor at AGM
Orion Digital (ORIO) held its annual general meeting where shareholders approved the election of all nominated directors and reappointed MNP LLP as auditor; vote totals showed >97% support for each director and 98.75% support to reappoint the auditor. Turnout was 7,698,984 votes, representing 32.22% of outstanding shares, indicating board and auditor continuity but relatively low shareholder engagement.