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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): February 17, 2026
___________________________
CLOUDASTRUCTURE,
INC.
(Exact name of registrant as specified in its
charter)
___________________________
| Delaware |
001-42494 |
87-0690564 |
|
(State or other jurisdiction of
incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| |
|
|
| 228 Hamilton Road |
|
|
| Palo Alto,
California |
|
94301 |
| (Address of principal executive offices) |
|
(Zip Code) |
(650) 644-4160
Registrant’s telephone number, including
area code:
Not Applicable
(Former Name or Former Address, if Changed
Since Last Report)
___________________________
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section
12(b) of the Act:
| Title of Class |
|
Trading Symbol |
|
Name of Exchange On Which Registered |
| Class A Common Stock |
|
CSAI |
|
Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☒
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 3.01 |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On February 17, 2026,
Cloudastructure, Inc., a Delaware corporation (the “Company”), received a written notice (the “Notification
Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the
Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued
listing on the Nasdaq Capital Market.
Nasdaq Listing Rule 5550(a)(2)
requires listed securities to maintain a minimum closing bid price of $1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides that
a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based
on the closing bid price of the Company’s Class A Common Stock for the 30 consecutive business days from December 29, 2025 through
February 10, 2026, the Company no longer meets the minimum bid price requirement.
The Notification Letter
does not result in the immediate delisting of the Company’s Class A Common Stock from the Nasdaq Capital Market. In accordance with
Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a compliance period of 180 calendar days, or until August 17, 2026, to
regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company’s Class A Common
Stock must be at least $1.00 per share for a minimum of 10 consecutive business days during the 180-day compliance period.
If the Company does not
regain compliance by August 17, 2026, the Company may be eligible for an additional 180 calendar day compliance period. To qualify for
the additional compliance period, the Company will be required to meet the continued listing requirement for market value of publicly
held shares and all other initial listing standards for the Nasdaq Capital Market (except for the bid price requirement) and must provide
written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.
If the Company does not
regain compliance within the allotted compliance period(s), or if the Company is otherwise not eligible for an additional compliance period,
Nasdaq will provide notice that the Company’s Class A Common Stock will be subject to delisting. At that time, the Company may appeal
the delisting determination to a Nasdaq Hearings Panel.
The Company intends to
monitor the closing bid price of its Class A Common Stock and will consider available options to regain compliance with the minimum bid
price requirement, which may include effecting a reverse stock split, if necessary and if approved by the Company’s stockholders.
There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement.
This Current Report on
Form 8-K is being filed pursuant to Nasdaq Listing Rule 5810(b), which requires the Company to make a public announcement disclosing the
receipt of the Notification Letter.
Cautionary Statement
Regarding Forward-Looking Statements
This Current Report on
Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding
the Company’s ability to regain compliance with Nasdaq’s minimum bid price requirement, the Company’s plans to monitor
its stock price and consider available options to regain compliance, the potential for a reverse stock split, and the Company’s
eligibility for an additional compliance period. Forward-looking statements are based on current expectations and assumptions, are subject
to risks and uncertainties, and are not guarantees of future performance. Actual results may differ materially from those anticipated
in the forward-looking statements due to various factors, including but not limited to: general economic and market conditions; changes
in the Company’s business strategy; and other risks and uncertainties described in the Company’s filings with the Securities
and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company
undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or
otherwise, except as required by law.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 20, 2026
| |
CLOUDASTRUCTURE, INC. |
| |
|
|
| |
By: |
/s/ Greg Smitherman |
| |
|
Greg Smitherman |
| |
|
Chief Financial Officer |
| |
|
(Principal Financial Officer and
Principal Accounting Officer)
|
