Gaxos.ai Inc. Receives Nasdaq Notice Over $1.00 Minimum Bid Price

What Happened
Gaxos.ai Inc. filed an 8-K on October 1, 2026 reporting that on September 28, 2026 Nasdaq notified the company it is not in compliance with the minimum $1.00 per share bid price requirement under Nasdaq Listing Rule 5550(a)(2). Nasdaq’s determination was based on the company’s closing bid prices from August 14, 2026 through September 25, 2026. The notification does not immediately affect trading; Gaxos.ai’s common stock continues to trade on The Nasdaq Capital Market under the symbol “GXAI.”

Key Details

• Nasdaq notification date: September 28, 2026; 8-K filed October 1, 2026.
• Deficiency period cited: closing bid prices between August 14, 2026 and September 25, 2026.
• Cure period: 180 calendar days to regain compliance (until March 29, 2027) by achieving a closing bid ≥ $1.00 for at least 10 consecutive business days.
• If eligible, the company may seek a second 180-day extension (must meet other Nasdaq continued listing requirements and notify Nasdaq); company may consider measures such as a reverse stock split to regain compliance.

Why It Matters
This notice signals a listing compliance risk: if Gaxos.ai does not meet the $1.00 bid-price requirement within the allowed cure periods, Nasdaq could move to delist the company’s shares, which would materially affect liquidity and investor access. For now, trading continues and the company has specific, time-bound options to cure the deficiency or pursue an appeal if a delisting decision is later issued.