05/08/2026 | Press release | Distributed by Public on 05/08/2026 14:20
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On May 6, 2026, Aditxt, Inc. (the "Company") received a Staff Determination letter (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that Nasdaq Staff had determined to delist the Company's securities from The Nasdaq Capital Market.
The Staff Determination stated that the bid price of the Company's listed securities had closed at less than $1.00 per share over the previous 30 consecutive business days, from March 24, 2026 through May 5, 2026, and that, as a result, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share (the "Bid Price Rule").
The Staff Determination further stated that, although companies are typically afforded a 180-calendar day period to regain compliance with the Bid Price Rule, the Company is not eligible for any such compliance period pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv). Nasdaq Staff cited the fact that the Company has effected a reverse stock split over the prior one-year period and has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. Specifically,
The Company intends to timely request a hearing before a Nasdaq Hearings Panel (the "Panel") to appeal Nasdaq Staff's determination. A timely hearing request will stay any further delisting actions through the Hearing process. At the hearing, the Company expects to present its plan to regain compliance with Nasdaq's continued listing requirements. There can be no assurance that the Company will be successful in its appeal, that the Panel will grant the Company's request for continued listing, or that the Company will be able to regain or maintain compliance with any applicable Nasdaq listing requirements.