Skip to content

8-KAccepted Sep 2, 9:11 AM ET

TOMI Environmental Converts Notes; Shareholders' Equity Above Nasdaq Minimum

TOMZTOMI Environmental Solutions, Inc.

Accepted (ET)

9:11 AM

Sep 2, 2026

Filed

Sep 2, 2026

Documents

13

Size

134.0 KB

Summary

TOMI Environmental Converts Notes; Shareholders' Equity Above Nasdaq Minimum

Updated

What Happened
TOMI Environmental Solutions, Inc. (TOMZ) filed an 8-K (Item 8.01) reporting that, as of September 1, 2026, holders converted convertible notes with an aggregate principal of $2,475,000 into common stock. The Company issued 1,649,989 shares upon conversion. As a result, the Company reports shareholders' equity of approximately $3.8 million, which exceeds the $2.5 million minimum required under Nasdaq Listing Rule 5550(b)(1).

Key Details

  • Convertible notes converted: $2,475,000 (aggregate principal).
  • Shares issued on conversion: 1,649,989 shares of common stock.
  • Reported shareholders' equity after conversions: approximately $3.8 million.
  • Nasdaq compliance note: equity now above the $2.5M Rule 5550(b)(1) threshold, but the Nasdaq Hearings Panel may still determine compliance status.

Why It Matters
The conversions reduce the Company’s outstanding convertible debt and increased reported shareholders' equity above the Nasdaq minimum for continued listing. For investors, this is a material capital-structure change—it lowers debt obligations but dilutes existing common shares. Importantly, TOMI cautions there is no guarantee the Nasdaq Hearings Panel will conclude the Company has regained compliance despite the reported equity level.

AI-written summary · check the filing