Aprea Therapeutics (APRE) warned by Nasdaq over sub-$1 bid price and delisting risk
Rhea-AI Filing Summary
Aprea Therapeutics, Inc. reported that it received a deficiency letter from Nasdaq because its common stock has closed below the required $1.00 minimum bid price for the last 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The notice does not immediately affect trading, and the stock will continue to trade on The Nasdaq Capital Market under the symbol APRE.
The company has 180 calendar days, until July 22, 2026, to regain compliance by having a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. If it still meets other listing standards, it may qualify for a second 180-day period. If compliance is not regained, the stock could be delisted, although the company would have the right to appeal. Aprea is monitoring its share price and may consider actions such as a reverse stock split, but there is no assurance it will meet the minimum bid price or other Nasdaq rules.
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- Nasdaq minimum bid price deficiency and delisting risk: Aprea’s stock has traded below Nasdaq’s $1.00 minimum bid price for 30 consecutive business days, triggering a formal deficiency notice, a 180-day remediation deadline ending July 22, 2026, and potential delisting if compliance is not regained.
Insights
Nasdaq bid-price deficiency introduces delisting risk and potential corporate actions.
Aprea Therapeutics, Inc. has fallen out of compliance with Nasdaq’s $1.00 minimum bid price rule after 30 consecutive business days below that level. Its shares remain listed on The Nasdaq Capital Market under the symbol APRE, but the company is now within a defined remediation window that can influence strategic and capital markets decisions.
The company has until July 22, 2026 to restore its closing bid to at least $1.00 for 10 consecutive business days. It may obtain an additional 180-day period if it satisfies other initial listing standards and the market value of publicly held shares requirement. Failure to regain compliance could lead to delisting, with the option to appeal to a hearings panel.
Aprea states it will monitor its closing bid price and may consider options including a reverse stock split. Any such action, if pursued, would need to be evaluated in later disclosures for details on ratios, timing, and shareholder impacts, as those are not specified in the current disclosure.
8-K Event Classification
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