Cognition Therapeutics (NASDAQ: CGTX) back in line with Nasdaq rules
Rhea-AI Filing Summary
Cognition Therapeutics, Inc. reported that it has regained compliance with Nasdaq’s minimum bid price listing rule. The company previously received a Nasdaq deficiency notice on September 12, 2024 because its common stock had traded below the $1.00 minimum bid price for 30 consecutive trading days. As of August 25, 2025, the stock had closed above $1.00 per share for more than ten consecutive trading days, satisfying the requirement.
On August 26, 2025, Nasdaq informed Cognition Therapeutics that it now meets the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) and is in compliance with Nasdaq’s listing standards.
Positive
- Regained Nasdaq listing compliance: After trading above $1.00 for more than ten consecutive days as of August 25, 2025, Cognition Therapeutics received confirmation on August 26, 2025 that it is back in compliance with Nasdaq’s minimum bid price requirement, reducing delisting risk.
Negative
- None.
Insights
Cognition Therapeutics removed a Nasdaq bid-price compliance risk.
Cognition Therapeutics confirms it had fallen out of compliance with Nasdaq’s minimum bid price rule tied to a $1.00 per share threshold over 30 consecutive trading days. This kind of notice can raise concerns about potential delisting if not cured within the exchange’s allowed timeframe.
The company now states that, as of August 25, 2025, its common stock closed above $1.00 per share for more than ten consecutive trading days. Based on this, Nasdaq sent a letter on August 26, 2025 confirming that Cognition Therapeutics has regained compliance with Nasdaq Listing Rule 5450(a)(1) and is in good standing with listing requirements.
This development removes an overhang related to listing status, which can matter for investor confidence and trading liquidity. Future company disclosures will show whether the share price remains above the minimum bid price threshold over time.