Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 53

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 with the requirements pursuant to Listing Rules 550(b)(1) and
5550(b)(3). The Company was given until May 20, 2025, to regain compliance with all continued listing requirements of the Nasdaq
Capital Market by at anytime during this compliance period the Company’s MVLS closing at $35 million or more for a minimum of
ten consecutive business days. The Company has been unable to meet this criterion, and it also faces the same deficiency as a result
of the continued negative stockholders equity as of March 31, 2025. The Company expects to receive an additional deficiency letter
with respect thereto upon filing of this Form 10-Q. As a result of this additional deficiency and the Company's inability to
remedy the initial deficiency in a timely manner, it will likely have to appeal these deficiencies to a Nasdaq Hearing Panel. 
If the Company does not appeal to the Hearings Panel, or if its appeal is unsuccessful, then its stock would be delisted from Nasdaq
and trade on the OTC Pinksheets and starting in July, the new basic OTCID (or the OTCQB or OTCQX upon application if made). 
Stocks trading on the over the counter markets face numerous incremental risks, including, but not limited to, decreased liquidity
which can result in lowered stock prices and potential litigation. Also, over the counter stocks face additional challenges in
obtaining financing at favorable terms, if at all.  

Item
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There
have been no events that are required to be reported under this Item.

Item
3. DEFAULTS UPON SENIOR SECURITIES

There
have been no events that are required to be reported under this Item.

Item
4. MINE SAFETY DISCLOSURES

There
have been no events that are required to be reported under this Item.

Item
5. OTHER INFORMATION

There
have been no events that are required to be reported under this Item.

Item
6. EXHIBITS

  31.1
  Certification of Principal Executive Officer of Periodic Report Pursuant to Rule 13a-14(a) and Rule 15d-14(a).

  31.2
  Certification of Principal Financial Officer of Periodic Report Pursuant to Rule 13a-14(a) and Rule 15d-14(a).

  32