---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020716"
form_type: "8-K"
ticker: "VXRT"
cik: "0000072444"
company_name: "Vaxart, Inc."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:32:17.256855+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vaxart receives Nasdaq delisting notice for failure to maintain $1 minimum bid price

## Summary
- Received Nasdaq notice on July 21, 2023 for non-compliance with $1.00 minimum bid price rule.
- Closing bid price below $1.00 for 30 consecutive business days from June 7 to July 20, 2023.
- Has 180 calendar days, until January 17, 2024, to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not cured, may be eligible for additional 180-day period if it meets other listing requirements and considers reverse stock split.
- Company states it is actively monitoring and evaluating options to regain compliance.

## SEC filing metadata
- accession: 0001437749-23-020716
- form_type: 8-K
- ticker: VXRT
- cik: 0000072444
- company_name: Vaxart, Inc.
- filed_at: 2023-07-26T23:59:59+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/72444/000143774923020716/0001437749-23-020716-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72444/000143774923020716/vxrt20230725_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020716
- JSON: https://secwatch.observer/filing/0001437749-23-020716.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020716.txt

## Key facts
- Listing & Compliance Notices
  Vaxart, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: July 21, 2023, Vaxart, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per sh
  evidence_url: https://www.sec.gov/Archives/edgar/data/72444/000143774923020716/0001437749-23-020716-index.htm

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