8-KThe Red FlagsRed Alert
Delisting Notice
Filed May 28, 2025 · 1y ago · Accession 0001641172-25-012730
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 27, 2025
THE
INTERGROUP CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
1-10324
13-3293645
(State
or other jurisdiction
(Commission
(IRS
Employer
of
incorporation)
File
Number)
Identification
No.)
1516
S. Bundy Drive , Suite 200 , Los Angeles , CA
90025
(Address
of principal executive offices)
(Zip
Code)
Registrant’s
telephone number, including area code: (310) 889-2500
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions ( see General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock
INTG
NASDAQ
CAPITAL MARKET
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2)
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.01.
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
November 21, 2024, Nasdaq Listing Qualifications Department (the “Staff”) notified The InterGroup Corporation (the “Company”)
that the market value of its listed securities had been below the minimum $35,000,000 required for continued listing as set forth in
Listing Rule 5550(b)(2) (the “Rule”) for the previous 30 consecutive trading days. Under Listing Rule 5810(c)(3)(C), the
Company was provided 180 calendar days, or until May 20, 2025, to regain compliance with the Rule.
However,
the Company has not regained compliance with the Rule. It was so notified on May 27, 2025, by the Staff that if it does not file an appeal
in accordance with the Nasdaq Listing Rules, its securities will be delisted from The Nasdaq Capital Market and suspended from trading
as of June 5, 2025, with Nasdaq filing a Form 25-NSE with the SEC. The Company will file an appeal for this determination by June 3,
2025, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. A hearing request will stay the suspension of the
Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision.
ITEM
9.01
EXHIBITS
104
Cover
Page Interactive Data File
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
THE
INTERGROUP CORPORATION
Dated:
May 28, 2025
By:
/s/
John V. Winfield
Chairman
of the Board; President and Chief Executive Officer
Filing details
- Company
- INTERGROUP CORP
- Ticker
- INTG
- CIK
- 69422
- Form type
- 8-K
- Filing date
- May 28, 2025
- Report date
- May 27, 2025
- Document
- form8-k.htm
- Size
- 197 KB