Upland Software, Inc. 8-K

What Happened Upland Software, Inc. announced on April 10, 2026 that it received a Nasdaq notification on April 7, 2026 stating the company's common stock closed below the $1.00 minimum bid price for the last 30 consecutive business days, in violation of Nasdaq Listing Rule 5450(a)(1). This notice is a deficiency letter (not a delisting notice); Upland’s shares continue to trade on the Nasdaq Global Market under the symbol “UPLD.” The company has 180 days—until October 5, 2026—to regain compliance by achieving a closing bid of at least $1.00 per share for a minimum of 10 consecutive business days.

Key Details

• Notice date: April 7, 2026; 8-K filed April 10, 2026 (signed by CFO Michael D. Hill).
• Rule referenced: Nasdaq Listing Rule 5450(a)(1) — $1.00 minimum bid price.
• Compliance deadline: 180 days ending October 5, 2026; must have $1.00+ closing bid for 10 consecutive business days.
• If not cured, Nasdaq may grant a second 180-calendar-day period if the company transfers to The Nasdaq Capital Market and meets other initial listing standards (except the minimum bid price) and timely notifies Nasdaq; a delisting determination can be appealed to a Nasdaq Hearings Panel.

Why It Matters For investors, this filing signals a formal risk that Upland’s Nasdaq listing could be vulnerable if the stock price does not recover. While trading is not currently affected, failure to regain compliance could lead to transfer to a different Nasdaq tier or possible delisting—events that can reduce liquidity and affect shareholder value. The company said it will monitor the share price and consider options, but made no assurances it will cure the deficiency.