---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-041911"
form_type: "8-K"
ticker: null
cik: "0001719395"
company_name: "Eargo, Inc."
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:34:43.456050+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Eargo gets Nasdaq delisting notice for negative equity; rights offering planned

## Summary
- Stockholders' equity of -$36.3M as of Sept. 30, 2022 fails Nasdaq's $10M minimum for Global Market.
- Company has 45 days to submit a compliance plan; expects to do so within the period.
- Rights offering at $0.50/share for up to 375M shares, closing by Nov. 25, 2022, to repay/convert debt and boost equity.
- If plan is accepted, Nasdaq may grant up to 180 days to regain compliance.

## SEC filing metadata
- accession: 0001140361-22-041911
- form_type: 8-K
- cik: 0001719395
- company_name: Eargo, Inc.
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1719395/000114036122041911/0001140361-22-041911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1719395/000114036122041911/brhc10044316_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-041911
- JSON: https://secwatch.observer/filing/0001140361-22-041911.json
- Plain text: https://secwatch.observer/filing/0001140361-22-041911.txt

## Key facts
- Listing & Compliance Notices
  Eargo, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5450(b)(1)(A)
  source text: November 15, 2022, Eargo, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, since the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2022 reported stockholders’ equity of ($36,324,000), the Company no longer complies with Nasdaq Listing Rule 5450(b)(1)(A), which provides that companies listed on the Nasdaq Global Market are required to maintain a minimum of $10,000,000 in stockholders’ equity for continued listing. Under the Nasdaq Listing Rules, the Company has 45 calendar
  evidence_url: https://www.sec.gov/Archives/edgar/data/1719395/000114036122041911/0001140361-22-041911-index.htm

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