Does NASDAQ use Gazprom ADR (ogzpy) value to determine compliance?

NASDAQ does not use this value to determine compliance with the listing requirements. Gazprom ADR (OGZPY) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets.

Will Gazprom cancel ADR?

Unfortunately, it's got a significant likelihood of happening. The depository providers behind the Gazprom ADRs are cancelling the ADR programme. By 3 August 2022, holders of ADRs need to decide if they want to receive the underlying Russian shares, and if so, where they can be transferred for custody.

Can PJSC Gazprom convert depositary receipts into shares?

Most brokers can arrange for your depositary receipts (DRs) to be converted into shares. Procedures for converting the depositary receipts into PJSC Gazprom’s shares: Declarative conversion. This option was available for holders or beneficial owners of the DRs the rights to which were recorded in foreign depositories.

What if someone offers a joke price for a Gazprom ADR?

There have already been some public tender offers for ADRs of Gazprom, albeit involving someone offering a joke price (such as 1 cent). Even if someone accepted such an offer to simply get rid of their exposure, they'd still have to resolve the issue of clearing the sale.