Oncolytics Biotech® Regains Compliance with Nasdaq Trading Rules

Rhea-AI Summary

Oncolytics Biotech (NASDAQ: ONCY), a clinical-stage immunotherapy oncology company, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received formal confirmation from Nasdaq's Listing Qualifications Department on July 22, 2025.

After falling below the required $1.00 minimum bid price in February 2025, ONCY has maintained a closing bid price at or above $1.00 for 10 consecutive business days from July 8 through July 21, 2025. The company is now fully compliant with all Nasdaq listing standards and will continue trading on the Nasdaq Capital Market.

Positive

• Regained compliance with Nasdaq listing requirements
• Stock price maintained above $1.00 for required period
• Continues trading on Nasdaq Capital Market without interruption

Negative

• Previously failed to meet minimum bid price requirement
• Stock traded below $1.00 for extended period earlier in 2025

SAN DIEGO and CALGARY, AB, July 22, 2025 /PRNewswire/ -- Oncolytics Biotech^® Inc. (Nasdaq: ONCY) (TSX: ONC) ("Oncolytics" or the "Company"), a leading clinical-stage company specializing in immunotherapy for oncology, received a formal letter (the "Compliance Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated July 22, 2025 informing the Company that it has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). The Company is now in compliance with all Nasdaq listing standards, and its common shares will continue to trade on the Nasdaq Capital Market under the ticker "ONCY." 

As previously announced, the Company was notified by Nasdaq on February 13, 2025, that the Company's common shares failed to maintain a minimum bid price of US$1.00 over the previous 30 consecutive business days as required by the Minimum Bid Price Requirement. According to the Compliance Notice, the Company regained compliance with the Minimum Bid Price Requirement because the closing bid price of the Company's common shares has been at or above $1.00 per share for 10 consecutive business days, from July 8, 2025, through July 21, 2025, and the matter is now closed.

About Oncolytics Biotech Inc.

Oncolytics is a clinical-stage biotechnology company developing pelareorep, an intravenously delivered immunotherapeutic agent. Pelareorep has demonstrated promising results in two randomized Phase 2 studies in metastatic breast cancer and Phase 1 and 2 studies in pancreatic cancer. It acts by inducing anti-cancer immune responses and promotes an inflamed tumor phenotype – turning "cold" tumors "hot" – through innate and adaptive immune responses to treat a variety of cancers.

Pelareorep has demonstrated synergies with multiple approved oncology treatments. Oncolytics is currently conducting and planning combination clinical trials with pelareorep in solid malignancies as it advances towards registrational studies in metastatic breast cancer and pancreatic cancer, both of which have received Fast Track designation from the FDA. For more about Oncolytics, please visit: www.oncolyticsbiotech.com or follow the company on social media on LinkedIn and on X @oncolytics.

Company Contact 
Jon Patton
Director of IR & Communication
jpatton@oncolytics.ca 

Investor Relations for Oncolytics
Mike Moyer
LifeSci Advisors
+1-617-308-4306
mmoyer@lifesciadvisors.com 

Media Contact for Oncolytics
Owen Blaschak
LifeSci Communications
oblaschak@lifescicomms.com 

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SOURCE Oncolytics Biotech® Inc.

FAQ

Has ONCY stock regained Nasdaq compliance in 2025?

Yes, Oncolytics Biotech (ONCY) regained compliance with Nasdaq's minimum bid price requirement on July 22, 2025 after maintaining a closing bid price above $1.00 for 10 consecutive business days.

What is the minimum stock price requirement for Nasdaq listing that ONCY had to meet?

Companies listed on Nasdaq must maintain a minimum bid price of $1.00 per share over 30 consecutive business days to remain compliant with listing requirements.

When did Oncolytics Biotech receive the Nasdaq deficiency notice?

Oncolytics Biotech received the Nasdaq deficiency notice on February 13, 2025 for failing to maintain a minimum bid price of $1.00 over 30 consecutive business days.

Will ONCY continue trading on Nasdaq after regaining compliance?

Yes, Oncolytics Biotech will continue trading on the Nasdaq Capital Market under the ticker 'ONCY' as it is now in compliance with all Nasdaq listing standards.