---
schema_version: "secwatch.filing_event.v1"
accession: "0001832511-25-000028"
form_type: "8-K"
ticker: "PIII"
cik: "0001832511"
company_name: "P3 Health Partners Inc."
filed_at: "2025-11-28T23:59:59+00:00"
generated_at: "2026-05-16T16:14:36.546244+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# P3 Health Partners receives Nasdaq deficiency notice for failing to meet minimum stockholders' equity requirement

## Summary
- On Nov 21, 2025, Nasdaq notified P3 Health Partners that it lacks the $2.5M minimum stockholders' equity required by Listing Rule 5550(b)(1).
- Company also does not meet the alternatives of market value of listed securities or net income from continuing operations.
- Letter has no immediate delisting effect; company has 45 calendar days to submit a plan to regain compliance.
- If plan accepted, Nasdaq may grant an extension of up to 180 calendar days from Nov 21, 2025 to evidence compliance.
- Company intends to submit a compliance plan and is pursuing steps to restore compliance, though no assurance of success.

## SEC filing metadata
- accession: 0001832511-25-000028
- form_type: 8-K
- ticker: PIII
- cik: 0001832511
- company_name: P3 Health Partners Inc.
- filed_at: 2025-11-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832511/000183251125000028/0001832511-25-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832511/000183251125000028/piii-20251121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001832511-25-000028
- JSON: https://secwatch.observer/filing/0001832511-25-000028.json
- Plain text: https://secwatch.observer/filing/0001832511-25-000028.txt

## Source-grounded claims
- claim_id: 543c5478afdfc4cff86c54f3409f1912492ec15f
  claim: P3 Health Partners Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  evidence_excerpt: November 21, 2025, P3 Health Partners Inc. (the “Company”) received a letter (the “Letter”) from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), which notified the Company that it does not presently comply with Nasdaq’s Listing Rule 5550(b)(1) (the “Listing Rule”), which requires that the Company maintain a minimum of $2.5 million in stockholders’ equity, and that the Company also does not meet the alternatives of market value of listed securities or net income from continuing operations set forth in the Listing Rule. The Letter does
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832511/000183251125000028/0001832511-25-000028-index.htm

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