regulatory
confidence high
sentiment negative
materiality 0.55
Solésence receives Nasdaq bid-price deficiency notice; has until March 29, 2027 to regain $1.00 compliance
SOLESENCE, INC.
- Nasdaq Listing Qualifications notice dated September 29, 2026: SLSN closing bid price fell below $1.00 per share for 30 consecutive trading days, breaching Listing Rule 5550(a)(2).
- Company has a 180-calendar-day initial compliance period ending March 29, 2027; cure requires a closing bid of at least $1.00 for a minimum of 10 consecutive trading days.
- If not cured by March 29, 2027, Solésence may qualify for an additional 180 days by meeting the market value of publicly held shares and all other Capital Market initial-listing standards.
- Company says it is evaluating various courses of action; warns that non-compliance or delisting would materially and adversely affect its ability to raise capital and its financial condition.
- Notice has no immediate effect on the listing of the common stock on Nasdaq Capital Market; CFO Laura Riffner signed the report dated October 2, 2026.