---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-25-000809"
form_type: "8-K"
ticker: "IRIX"
cik: "0001006045"
company_name: "IRIDEX CORP"
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-20T23:27:46.227902+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IRIDEX receives Nasdaq delisting notice; equity only $852K vs $2.5M minimum; seeks shareholder vote

## Summary
- Stockholders' equity was ~$852,000 as of March 29, 2025, below Nasdaq's $2.5M minimum.
- Company to seek shareholder approval at June 11, 2025 annual meeting to reclassify Series B Preferred Stock as permanent equity.
- If approved, $6M Series B sale would reclassify, potentially bringing equity above minimum.
- Must submit compliance plan to Nasdaq by June 30, 2025; may receive up to 180-day cure period if plan accepted.
- No immediate impact on Nasdaq listing or business operations, but delisting risk remains if plan fails.

## SEC filing metadata
- accession: 0001174947-25-000809
- form_type: 8-K
- ticker: IRIX
- cik: 0001006045
- company_name: IRIDEX CORP
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006045/000117494725000809/0001174947-25-000809-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006045/000117494725000809/ea021696306-8k_iridex.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-25-000809
- JSON: https://secwatch.observer/filing/0001174947-25-000809.json
- Plain text: https://secwatch.observer/filing/0001174947-25-000809.txt

## Key facts
- Listing & Compliance Notices
  IRIDEX CORP received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”). As described in the Notice, the Company’s last reported stockholders’ equity as of March 29, 2025, was approximately $852,000 and, as of May 14, 2025, the Company does not meet the alternative listing requirements of its market value of listed securities or its net income from continuing operations in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000117494725000809/0001174947-25-000809-index.htm

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