---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-018940"
form_type: "8-K"
ticker: "ARDX"
cik: "0001437402"
company_name: "ARDELYX, INC."
filed_at: "2022-07-15T23:59:59+00:00"
generated_at: "2026-06-24T14:02:15.826725+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ardelyx shareholders reject reverse stock split; Nasdaq listing at risk

## Summary
- Reverse stock split proposal failed: 63.5M for (44% of outstanding), 33.4M against, insufficient to meet >50% threshold.
- Company received Nasdaq deficiency notice on May 23, 2022, for bid price below $1.00; 180-day grace period to comply.
- Board authorized to consider options to regain compliance or preserve listing, but no assurances given.
- Meeting reconvened solely for Proposal No. 2; original meeting adjourned due to low turnout.

## SEC filing metadata
- accession: 0001628280-22-018940
- form_type: 8-K
- ticker: ARDX
- cik: 0001437402
- company_name: ARDELYX, INC.
- filed_at: 2022-07-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437402/000162828022018940/0001628280-22-018940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437402/000162828022018940/ardx-20220713.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-018940
- JSON: https://secwatch.observer/filing/0001628280-22-018940.json
- Plain text: https://secwatch.observer/filing/0001628280-22-018940.txt

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