On November 21, 2024, The InterGroup Corporation (the "Company") received a Staff Deficiency Letter from the Nasdaq Stock Market Listing Qualifications Department indicating that the Company did not maintain minimum Market Value of Listed Securities ("MVLS") of $35 million from October 7, 2024 to November 20, 2024 and thus no longer complies with the requirements pursuant to Listing Rules 550(b)(1) and 5550(b)(3).

The Company has 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. If the Company is unable to meet this criterion, it may be subject to a Nasdaq delisting proceeding.