---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-044381"
form_type: "8-K"
ticker: "CLDI"
cik: "0001855485"
company_name: "Calidi Biotherapeutics, Inc."
filed_at: "2026-09-25T21:15:39+00:00"
generated_at: "2026-10-12T13:27:19.746496+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Calidi Biotherapeutics hit with NYSE American notice; equity $3.1M vs $4.0M required

## Summary
- NYSE American notice dated Sept 21, 2026: stockholders' equity of $3.1M at June 30, 2026 is below the $4.0M minimum required by Company Guide Section 1003(a)(ii).
- Standard was triggered because Calidi reported net losses in three of its four most recent fiscal years ended December 31, 2025.
- Company must submit a compliance plan by Oct 21, 2026 and regain compliance by March 21, 2028; it is not eligible for any Section 1003(a) exemption, including the $50M market-cap exemption.
- CLDI keeps trading on NYSE American but gets a '.BC' below-compliance designation; delisting proceedings would begin if no plan is filed or the plan is rejected.
- Management says it is reviewing options and expects to submit the plan on or before the NYSE American deadline; the notice does not affect business operations or SEC reporting.

## SEC filing metadata
- accession: 0001493152-26-044381
- form_type: 8-K
- ticker: CLDI
- cik: 0001855485
- company_name: Calidi Biotherapeutics, Inc.
- filed_at: 2026-09-25T21:15:39+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855485/000149315226044381/0001493152-26-044381-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855485/000149315226044381/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-044381
- JSON: https://secwatch.observer/filing/0001493152-26-044381.json
- Plain text: https://secwatch.observer/filing/0001493152-26-044381.txt

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