DURECT CORP: Nasdaq/NYSE listing notice — DURECT gets Nasdaq extension until Jan 5, 2026 to regain $1 bid price

DURECT CORP

Nasdaq granted additional 180-day grace period on July 9, 2025; original deadline was July 8, 2025.
Must have closing bid price >= $1.00 for at least ten consecutive business days during extension.
Company plans to implement reverse stock split by Dec 16, 2025 if bid price does not recover.
Failure to regain compliance could lead to delisting from Nasdaq Capital Market.
DURECT meets all other listing requirements except minimum bid price.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.97

DURECT CORP received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

g the Company that for 30 consecutive trading days preceding the date of the Notice, the bid price of the Company’s common stock had closed below the $1.00 per share minimum required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Notice stated that the Company had 180 days, or until July 8, 2025, to demonstrate its compliance with the Minimum Bid Price Requirement.

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Source: SEC EDGAR

accession 0000950170-25-095310

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