---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000208"
form_type: "8-K"
ticker: null
cik: "0001401395"
company_name: "Neptune Wellness Solutions Inc."
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:29:14.965321+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Neptune Wellness receives Nasdaq deficiency notice for bid price below $1.00

## Summary
- Received Nasdaq notice on Dec 29, 2022 for failing minimum bid price of $1.00 over 30 consecutive business days.
- Has 180 calendar days until June 27, 2023, to regain compliance by closing at $1.00+ for 10 consecutive trading days.
- If non-compliance persists, may face delisting from Nasdaq; business operations are unaffected.
- Company may consider a reverse stock split to regain compliance.

## SEC filing metadata
- accession: 0000950170-23-000208
- form_type: 8-K
- cik: 0001401395
- company_name: Neptune Wellness Solutions Inc.
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401395/000095017023000208/0000950170-23-000208-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401395/000095017023000208/nept-20221229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000208
- JSON: https://secwatch.observer/filing/0000950170-23-000208.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000208.txt

## Key facts
- Listing & Compliance Notices
  Neptune Wellness Solutions Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: December 29, 2022, Neptune Wellness Solutions Inc. (the “Company”) received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), which requires that the closing bid price for the Company's common shares listed on Nasdaq be maintained at a minimum of $1.00. Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive busines
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000095017023000208/0000950170-23-000208-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.