---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-033586"
form_type: "8-K"
ticker: null
cik: "0001401395"
company_name: "Neptune Wellness Solutions Inc."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T17:52:35.603058+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Neptune Wellness faces Nasdaq delisting over bid price and equity shortfalls; plans to appeal

## Summary
- Received delisting notice on Nov 30, 2023 for non-compliance with Minimum Bid Requirement (below $1 for 30 days) and Stockholders' Equity Requirement (below $2.5M).
- Ineligible for compliance period due to two reverse stock splits with cumulative ratio >=250:1 over prior two years.
- Company must request hearing by Dec 7, 2023; hearing request stays suspension pending Panel decision.
- Neptune references strategic initiatives: spinout of Sprout Organics and planned acquisition of Datasys.
- No assurance of success of appeal.

## SEC filing metadata
- accession: 0001437749-23-033586
- form_type: 8-K
- cik: 0001401395
- company_name: Neptune Wellness Solutions Inc.
- filed_at: 2023-12-05T23:59:59+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/1401395/000143774923033586/0001437749-23-033586-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401395/000143774923033586/nept20231204_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-033586
- JSON: https://secwatch.observer/filing/0001437749-23-033586.json
- Plain text: https://secwatch.observer/filing/0001437749-23-033586.txt

## Key facts
- Listing & Compliance Notices
  Neptune Wellness Solutions Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: November 30, 2023, Neptune Wellness Solutions Inc. (the “Company”) received a letter from the staff of the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ Staff”) indicating that unless the Company requests a hearing before the NASDAQ Listing Qualifications Panel (“Panel”) by December 7, 2023, the Company's common stock would be subject to delisting based upon its non-compliance with NASDAQ's Minimum Bid Requirement (as defined below) and NASDAQ’s Stockholders’ Equity Requirement (as defined below), as set forth in NASDAQ Listing Rules 5550(a)(2) and 5550 (b)(1), resp
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000143774923033586/0001437749-23-033586-index.htm
- Listing & Compliance Notices
  Neptune Wellness Solutions Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: November 30, 2023, Neptune Wellness Solutions Inc. (the “Company”) received a letter from the staff of the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ Staff”) indicating that unless the Company requests a hearing before the NASDAQ Listing Qualifications Panel (“Panel”) by December 7, 2023, the Company's common stock would be subject to delisting based upon its non-compliance with NASDAQ's Minimum Bid Requirement (as defined below) and NASDAQ’s Stockholders’ Equity Requirement (as defined below), as set forth in NASDAQ Listing Rules 5550(a)(2) and 5550 (b)(1), resp
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000143774923033586/0001437749-23-033586-index.htm

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