8-KThe Red FlagsRed Alert
Delisting Notice
Filed Jul 23, 2025 · 11mo ago · Accession 0001641172-25-020630
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗Securities and Exchange Commission.
The
Company submitted a timely appeal under the procedures outlined in the Nasdaq Listing Rule 5800 Series. A hearing before the Nasdaq Hearings
Panel (the “Panel”) was held on July 8, 2025.
On
July 17, 2025, the Panel notified the Company that it had granted an extension to regain compliance. The Company must demonstrate compliance
with the Rule by having a market value of listed securities of at least $35 million for ten consecutive trading days on or before September
30, 2025.
Management
Actions to Regain Compliance
In
connection with its ongoing efforts to regain compliance with Nasdaq Listing Rule 5550(b)(2), management is actively pursuing initiatives
intended to enhance market visibility and shareholder value. These efforts include, but are not limited to, efforts to communicate the
Company’s strategic outlook and intrinsic value to the public. As required under generally accepted accounting principles (GAAP),
the Company carries its real estate investments at historical cost, which management believes may materially understate the current fair
market value of the Company’s assets. The Company aims to communicate its belief as to these underlying values and reinforce its
commitment to achieving long-term shareholder value.
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:
July 22, 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
- Jul 23, 2025
- Report date
- Jul 17, 2025
- Document
- form8-k.htm
- Size
- 201 KB