Company: INTG
Filing Date: 2025-07-23
Form Type: 8-K
Source: 0001641172-25-020630
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Company: INTERGROUP CORP
Filing Date: 2025-07-23
Form: 8-K
Item: Item 3.01
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Item       Notice                                                                                         

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.

As
the Company did not meet the compliance criteria by that date, it was subsequently notified by the Staff on May 27, 2025, that its securities
would be subject to delisting from The Nasdaq Capital Market and suspended from trading effective June 5, 2025, unless an appeal was
filed pursuant to the Nasdaq Listing Rules. Nasdaq also stated its intention to file a Form 25-NSE with the 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.