---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-015564"
form_type: "8-K"
ticker: "ARDX"
cik: "0001437402"
company_name: "ARDELYX, INC."
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:15:49.867609+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ardelyx receives Nasdaq deficiency notice for minimum bid price; seeks reverse stock split approval

## Summary
- Nasdaq letter on May 23, 2022, for failure to maintain $1.00 minimum closing bid per share.
- Company has 180-day grace period to regain compliance; bid price must close at $1.00+ for 10 consecutive days.
- Ardelyx will ask stockholders to approve reverse stock split at June 15, 2022 annual meeting.
- If approved, board may effect reverse split by September 15, 2022 to regain compliance.
- No assurances of regaining compliance; potential delisting risk remains.

## SEC filing metadata
- accession: 0001628280-22-015564
- form_type: 8-K
- ticker: ARDX
- cik: 0001437402
- company_name: ARDELYX, INC.
- filed_at: 2022-05-27T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437402/000162828022015564/0001628280-22-015564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437402/000162828022015564/ardx-20220523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-015564
- JSON: https://secwatch.observer/filing/0001628280-22-015564.json
- Plain text: https://secwatch.observer/filing/0001628280-22-015564.txt

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