---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-095310"
form_type: "8-K"
ticker: null
cik: "0001082038"
company_name: "DURECT CORP"
filed_at: "2025-07-11T23:59:59+00:00"
generated_at: "2026-05-18T06:51:56.877775+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# DURECT gets Nasdaq extension until Jan 5, 2026 to regain $1 bid price

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-095310
- form_type: 8-K
- cik: 0001082038
- company_name: DURECT CORP
- filed_at: 2025-07-11T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1082038/000095017025095310/0000950170-25-095310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1082038/000095017025095310/drrx-20250709.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-095310
- JSON: https://secwatch.observer/filing/0000950170-25-095310.json
- Plain text: https://secwatch.observer/filing/0000950170-25-095310.txt

## Source-grounded claims
- claim_id: 98abfeb852e0a6166c867d94bec7dc9cf345f3a3
  claim: DURECT CORP received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1082038/000095017025095310/0000950170-25-095310-index.htm

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