Company: INTG
Filing Date: 2025-05-28
Form Type: 8-K
Source: 0001641172-25-012730
Chunk: 0

Company: INTERGROUP CORP
Filing Date: 2025-05-28
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.

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.