---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-072642"
form_type: "8-K"
ticker: null
cik: "0001082038"
company_name: "DURECT CORP"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T07:44:16.920596+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DURECT receives Nasdaq notice for bid price below $1.00; 180 days to cure

## Summary
- Nasdaq letter dated Dec 21, 2023: closing bid price under $1.00 for 30 consecutive trading days.
- Company has until June 18, 2024 to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not cured, may request a second 180-day grace period if other listing standards are met.
- Failure could lead to delisting; DURECT is evaluating options to remedy the deficiency.

## SEC filing metadata
- accession: 0000950170-23-072642
- form_type: 8-K
- cik: 0001082038
- company_name: DURECT CORP
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1082038/000095017023072642/0000950170-23-072642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1082038/000095017023072642/drrx-20231221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-072642
- JSON: https://secwatch.observer/filing/0000950170-23-072642.json
- Plain text: https://secwatch.observer/filing/0000950170-23-072642.txt

## Key facts
- Listing & Compliance Notices
  DURECT CORP received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: or the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Marketplace Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from December 21, 2023, or until June 18, 2024, to regain compliance with the Minimum Bid Price Requirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1082038/000095017023072642/0000950170-23-072642-index.htm

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