Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 38

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 38
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 NASDAQ Capital Market (“Nasdaq”) under the symbol: “INTG”.
As of June 30, 2025, the approximate number of holders of record of the Company’s Common Stock was 122 (the actual number of beneficial
owners is higher because many shares are held in “street name” by brokers and other nominees).

SUCCESSFUL
RESULTS ON REMEDIATION OF NASDAQ LISTING STATUS

As
disclosed in our Current Report on Form 8-K filed in July 2025, on November 21, 2024 the Nasdaq Listing Qualifications Staff notified
the Company of non-compliance with Nasdaq Listing Rule 5550(b)(2) (minimum $35 million market value of listed securities). On May 27,
2025, the Staff notified the Company that its securities were subject to delisting effective June 5, 2025 absent a timely appeal. The
Company appealed, which stayed the delisting. Following a hearing held on July 8, 2025, the Nasdaq Hearings Panel notified the Company
on July 17, 2025 that it had granted an extension through September 30, 2025 to evidence compliance by achieving an MVLS of at least
$35 million for a minimum of ten consecutive trading days.

On
September 17, 2025, the Company received confirmation from Nasdaq that the Company has regained compliance with Listing Rule 5550(b)(2).
Nasdaq’s notice stated that, as of September 15, 2025, the Company had demonstrated 11 consecutive business days with a market
value of listed securities above $35 million, thereby satisfying the requirement.

As
a result, the Panel granted the Company’s request for continued listing, and the matter is now closed. The Company’s common
stock will continue to be listed and traded on The Nasdaq Capital Market under the symbol “INTG”.

DIVIDENDS

The
Company has not declared any cash dividends on its common stock and currently intends to retain any future earnings to fund operations,
invest in the business, and service debt. Any future determination to declare cash dividends will be at the discretion of the Board of
Directors and subject to applicable law and any restrictions contained in the Company’s financing arrangements.

SECURITIES
AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS.

The
information required by Item 201(d) of Regulation S-K regarding securities authorized for issuance under equity compensation plans is
incorpor