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Electra gets Nasdaq bid-price extension to 2027

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Electra Battery Materials Corporation (ELBM) reports that Nasdaq has granted an additional 180-calendar-day period, until March 15, 2027, for the company to regain compliance with Nasdaq’s $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market.

The notice states Electra currently meets all other applicable Nasdaq initial listing standards, including the market value of publicly held shares. Electra has indicated it intends to cure the bid-price deficiency during this second compliance period, including by effecting a reverse stock split, if necessary. The extension has no immediate effect on the trading or listing of its shares on Nasdaq or the TSX Venture Exchange.

Positive

  • Nasdaq granted a 180-day extension to March 15, 2027, avoiding any immediate delisting and confirming Electra meets all other applicable Nasdaq listing requirements.

Negative

  • Electra remains out of compliance with Nasdaq’s $1.00 minimum bid price rule and may need a reverse stock split to cure the deficiency, with no assurance compliance will be regained.

Filing Explained

The price deficiency remains unresolved; Nasdaq’s window runs to March 15, 2027, with a reverse split still only a possible cure.

The extension leaves Electra’s US$1.00 minimum-bid-price deficiency unresolved: the company has a second compliance period through March 15, 2027, and would be eligible to regain compliance if its closing bid price is at least US$1.00 for 10 consecutive business days, subject to Nasdaq requiring a longer period.

If used, a reverse stock split would reduce the share count and raise the per-share price proportionally; by itself, the split would not change company value.

Separately, the report and Exhibits 99.1 and 99.2 are incorporated by reference into the company’s Form S-8 and two amended Form F-3 registration statements, linking this disclosure to those filings.

Extension length 180 calendar days Additional Nasdaq compliance period granted to Electra
Minimum Bid Price Requirement US$1.00 per share Required closing bid price for Nasdaq continued listing
Extension deadline March 15, 2027 Date by which Electra must regain Nasdaq bid-price compliance
Compliance trading period 10 consecutive business days Required duration with bid at or above US$1.00 per share
Nasdaq symbol ELBM Trading symbol for Electra Battery Materials on Nasdaq
Minimum Bid Price Requirement regulatory
"to regain compliance with Nasdaq’s $1.00 minimum bid price requirement"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
market value of publicly held shares financial
"based on the Company meeting the continued listing requirement for market value"
The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.
reverse stock split financial
"intention to cure the deficiency ... by effecting a reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
forward-looking statements regulatory
"This news release may contain forward-looking statements and forward-looking information"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Electra Battery Materials (ELBM) announce regarding its Nasdaq listing?

Electra Battery Materials announced it received a Nasdaq notice granting a 180-day extension, until March 15, 2027, to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market.

Does the Nasdaq extension affect trading of ELBM shares now?

No. The company states the extension has no immediate effect on the listing or trading of its common shares on Nasdaq, and it also notes that the extension does not affect the listing of the shares on the TSX Venture Exchange.

What must ELBM do to regain compliance with Nasdaq’s $1.00 bid requirement?

Electra can regain compliance if, at any time before March 15, 2027, its closing bid price is at or above US$1.00 per share for at least 10 consecutive business days, subject to Nasdaq’s discretion to require a longer period.

What is Electra Battery Materials’ plan if ELBM’s share price stays below $1.00?

Electra has provided written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary, to help meet the $1.00 minimum bid price requirement.

Does ELBM meet other Nasdaq listing standards despite the bid-price issue?

Yes. Nasdaq’s determination is based on Electra meeting the continued listing requirement for market value of publicly held shares and all other applicable initial listing requirements for The Nasdaq Capital Market, other than the minimum bid price rule.

Is there any assurance ELBM will regain Nasdaq bid-price compliance?

No. The company cautions there can be no assurance it will regain compliance with the Minimum Bid Price Requirement within the applicable compliance period or at all, as highlighted in its forward-looking statements disclaimer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-41356

Electra Battery Materials Corporation
(Translation of registrant's name into English)

133 Richmond St W, Suite 602
Toronto, Ontario, M5H 2L3 Canada
(416) 900-3891 

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ] 

Incorporation by Reference

The information contained in this Report on Form 6-K (this “Form 6-K”) and Exhibits 99.1 and 99.2 herewith are hereby incorporated by reference as an exhibit to (i) the Registration Statement on Form S-8 (File No. 333-264589), (ii) the Registration Statement on Form F-3, as amended (File No. 333-288364) and (iii) the Registration Statement on Form F-3, as amended (File No. 333-291766) of Electra Battery Materials Corporation (the “Company”).

 


EXHIBIT INDEX

 

Exhibit Number Description
  
99.1 Press Release dated September 15, 2026

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, thereunto duly authorized.

      Electra Battery Materials Corporation    
  (Registrant)
   
  
Date: September 15, 2026     /s/ Trent Mell    
  Trent Mell
  Chief Executive Officer and Director
  

EXHIBIT 99.1

Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement

TORONTO, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”), today announced that it has received notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is eligible for an additional 180-calendar-day period, or until March 15, 2027 (the “Extension”), to regain compliance with Nasdaq’s $1.00 minimum bid price requirement (the “Minimum Bid Price Requirement”) for continued listing on Nasdaq.

The Extension has no immediate effect on the listing or trading of the Company’s common shares (the “Shares”) on Nasdaq, and the Company's operations are not affected by the receipt of the Extension.

Nasdaq’s determination is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, other than the Minimum Bid Price requirement, together with the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

If at any time before March 15, 2027, the closing bid price of the Shares is at or above US$1.00 per Share for a minimum of 10 consecutive business days, the Company will be eligible to regain compliance with the Minimum Bid Requirement, subject to Nasdaq’s discretion to require a longer compliance period. The Extension does not have any impact on the listing of the Shares on the TSX Venture Exchange.

About Electra Battery Materials

Electra is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. The Company’s primary focus is constructing North America’s only cobalt sulfate refinery, as part of a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to the Refinery, Electra holds a significant land package in Idaho’s Cobalt Belt, including its Iron Creek project and surrounding properties, positioning the Company as a potential cornerstone for North American cobalt and copper production.

Electra is also advancing black mass recycling opportunities to recover critical materials from end-of-life batteries, while continuing to evaluate growth opportunities in nickel refining and other downstream battery materials. For more information, please visit www.ElectraBMC.com.

Contact
Heather Smiles
Vice President, External Affairs & Corporate Development
Electra Battery Materials
info@ElectraBMC.com
1.416.900.3891

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR+ at www.sedarplus.com and with EDGAR at www.sec.gov. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement within the applicable compliance period or at all. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Filing Exhibits & Attachments

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