Blue Gold Ltd (BGL) Form 6-K — Nov 6, 2026
Blue Gold Ltd (Nasdaq: BGL) is asking shareholders to approve a one-for-twenty (1:20) share consolidation, converting every 20 Class A ordinary or preferred shares into one share at higher par value. The move responds to three Nasdaq deficiency letters received in July 2026: the stock traded below the $1.00 minimum bid price for 30 consecutive business days, market value of listed securities fell under $50 million, and publicly held shares value dropped below the $15 million minimum. The company has until December 28, 2026 to regain bid-price and MVLS compliance and until January 20, 2027 for MVPHS.
Key figures
- Mvls minimum usd
- 50000000
- Mvphs minimum usd
- 15000000
- Reverse split ratio
- 1:20
- Mvls compliance deadline
- 2026-12-28
- Mvphs compliance deadline
- 2027-01-20
- Nasdaq minimum bid price usd
- 1
- Bid price compliance deadline
- 2026-12-28
- Authorized class a shares post consolidation
- 20000000
- Authorized preferred shares post consolidation
- 5000000
AI analysis
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