Tivic Health Systems, Inc. 8-K
Research Summary
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Tivic Health Systems Notified of Nasdaq Minimum Bid Price Noncompliance
What Happened
Tivic Health Systems, Inc. announced on March 19, 2026 that Nasdaq’s Listing Qualifications Department notified the company it is not currently in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid for its common stock was below $1.00 for at least 30 consecutive business days. The notice does not immediately affect the listing—the company’s Nasdaq listing remains effective—and Tivic has a 180-calendar-day compliance period ending September 15, 2026 to regain compliance.
Key Details
- Notice date: March 19, 2026; compliance deadline: September 15, 2026 (180 calendar days).
- Noncompliance basis: closing bid price < $1.00 per share for at least 30 consecutive business days (Nasdaq Listing Rule 5550(a)(2)).
- Cure condition: closing bid at or above $1.00 per share for a minimum of 10 consecutive business days to regain compliance.
- If not cured, Nasdaq may grant a second 180-day period only if the company meets market value of publicly held shares and other initial listing standards (except the $1.00 bid requirement) and notifies Nasdaq of intent to cure; failure could lead to delisting notice and the right to appeal to a Nasdaq hearings panel.
Why It Matters
This 8-K reports a formal Nasdaq compliance notice that starts a defined 180-day window for Tivic to meet the $1.00 minimum bid requirement. If Tivic does not meet the cure conditions within the period (or any approved extension), Nasdaq may move to delist the company’s common stock; the company may appeal such a determination. Tivic says it will monitor the closing bid and consider options to regain compliance.
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