---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-050612"
form_type: "8-K"
ticker: "SPRB"
cik: "0001683553"
company_name: "SPRUCE BIOSCIENCES, INC."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:32:55.623495+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spruce Biosciences receives Nasdaq minimum bid price non-compliance notice

## Summary
- Nasdaq notified Spruce on April 26, 2024 that its stock bid price was below $1.00 for 30 consecutive business days.
- Company has 180 calendar days (until October 23, 2024) to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not compliant, Spruce may transfer to Nasdaq Capital Market for an additional 180-day cure period if it meets other listing standards.
- Failure to regain compliance could lead to delisting; the company says it will monitor its stock price and consider options.

## SEC filing metadata
- accession: 0000950170-24-050612
- form_type: 8-K
- ticker: SPRB
- cik: 0001683553
- company_name: SPRUCE BIOSCIENCES, INC.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683553/000095017024050612/0000950170-24-050612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683553/000095017024050612/sprb-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050612
- JSON: https://secwatch.observer/filing/0000950170-24-050612.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050612.txt

## Key facts
- Listing & Compliance Notices
  SPRUCE BIOSCIENCES, INC. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1)
  source text: April 26, 2024, Spruce Biosciences, Inc. (the “ Company ”) received a notice from The Nasdaq Global Select Market (“ Nasdaq ”) that the Company is not in compliance with Nasdaq’s Listing Rule 5450(a)(1), as the minimum bid price of the Company’s common stock has been below $1.00 per share for 30 consecutive business days. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Global Select Market. The Company has 180 calendar days, or until October 23, 2024, to regain compliance with the minimum bid price requirement. To
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683553/000095017024050612/0000950170-24-050612-index.htm

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