Rocket One Inc. Notified of Nasdaq Bid-Price Deficiency; Joins Seagate Program

What Happened
Rocket One Inc. (RKTO) filed an 8-K on August 11, 2026 disclosing that Nasdaq sent a Notification Letter on August 6, 2026 saying the company does not meet the minimum $1.00 bid-price requirement under Nasdaq Listing Rule 5550(a)(2). The notice has no immediate trading effect—the company’s common stock continues to trade on The Nasdaq Capital Market under the symbol "RKTO." Rocket One also announced on August 11, 2026 that it was accepted into the Seagate Partner Program (press release filed as Exhibit 99.1).

Key Details

• Nasdaq notified Rocket One on August 6, 2026 of noncompliance with the $1.00 minimum bid-price rule based on closing bid prices from June 24, 2026 through August 5, 2026.
• The company has 180 calendar days (until February 2, 2027) to regain compliance by achieving a closing bid of at least $1.00 for 10 consecutive business days.
• If certain conditions are met, Nasdaq may grant a second 180-day compliance period; if delisting is determined, Rocket One may appeal to a Hearings Panel.
• Rocket One said it will monitor the stock price and may consider options such as a reverse stock split to regain compliance.
• Separately, Rocket One announced acceptance into the Seagate Partner Program in a press release dated August 11, 2026.

Why It Matters
A Nasdaq minimum bid-price deficiency is a material listing risk: if Rocket One fails to meet the $1.00 threshold within the specified periods, Nasdaq could move to delist the stock, which can reduce liquidity and limit investor access. The Seagate Partner Program announcement is a commercial development that the company has highlighted, but the 8-K centers on the immediate listing compliance timeline and the steps Rocket One may take (e.g., reverse split) to address the deficiency. Investors should watch the company’s stock price, any corporate actions (like a reverse split), and further filings or updates regarding Nasdaq compliance.