Elutia Inc. Notified by Nasdaq of Minimum Bid Price Deficiency

What Happened

• Elutia Inc. announced it received a Nasdaq notice on August 6, 2026, that the closing bid price of its Class A common stock (ticker: ELUT) has been below the $1.00 minimum required by Nasdaq Listing Rule 5550(a)(2) for the last 30 consecutive business days.
• The notice does not immediately affect trading; the Company has a 180-calendar-day compliance period (through February 2, 2027) to regain the minimum bid price or pursue available remedies. The Company said it will monitor the situation and assess options to regain compliance.

Key Details

• Notice date: August 6, 2026; deficiency: closing bid price below $1.00 for 30 consecutive business days.
• Compliance period: 180 calendar days from the notice (until February 2, 2027).
• Regain requirement: closing bid ≥ $1.00 for a minimum of 10 consecutive business days (subject to Nasdaq discretion).
• If not cured, Elutia may be eligible for an additional 180-day period only if it meets Nasdaq’s public float/market value requirements and other initial-listing standards (it may pursue a reverse stock split if needed); otherwise delisting could follow.

Why It Matters

• This filing signals a potential listing risk: failure to regain the minimum bid price could lead to delisting from the Nasdaq Capital Market, which can affect liquidity, visibility, and how some investors or funds can hold the shares.
• For now, ELUT continues to trade on Nasdaq. Investors should note the company’s stated intention to monitor and evaluate options and the company’s cautionary forward-looking statements — there is no guarantee compliance will be regained.