Elutia Inc. (NASDAQ: ELUT) faces Nasdaq minimum bid price deficiency
Rhea-AI Filing Summary
Elutia Inc. reported that on August 6, 2026 it received a notice from Nasdaq that the closing bid price of its Class A common stock had been below the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market for the last 30 consecutive business days, creating a deficiency under Nasdaq Listing Rule 5550(a)(2).
The shares continue to trade under the symbol ELUT while Elutia has 180 calendar days, until February 2, 2027, to regain compliance by achieving a closing bid of at least $1.00 per share for at least ten consecutive business days, subject to possible Nasdaq staff discretion.
If compliance is not regained in this period, Elutia may qualify for an additional 180-day extension if it satisfies other initial listing standards and indicates it may cure the deficiency, potentially including a reverse stock split. Elutia states it intends to monitor its share price and evaluate options but cautions there is no assurance it will regain or maintain Nasdaq listing compliance.
Positive
- None.
Negative
- Nasdaq issued a bid-price deficiency notice after 30 days below $1.00, creating potential delisting risk if compliance is not regained by February 2, 2027, even with only a possible 180-day extension.
Filing Explained
If Elutia uses a reverse stock split to address the deficiency, it would reduce the share count and raise the per-share price proportionally; the split itself would not change the company’s value.
8-K Event Classification
2 items: 3.01, 9.01
2 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Minimum Bid Price Requirement: $1.00 per share
Initial Compliance Period: 180 calendar days
Potential Additional Compliance Period: 180 calendar days
+2 more
5 metrics
Minimum Bid Price Requirement
$1.00 per share
Nasdaq Listing Rule 5550(a)(2) minimum bid price for continued listing
Initial Compliance Period
180 calendar days
From the August 6, 2026 Nasdaq notice until February 2, 2027
Potential Additional Compliance Period
180 calendar days
Possible second period to regain compliance if other conditions are satisfied
Days Below Minimum Bid Price
30 business days
Consecutive days closing below $1.00 that triggered the Nasdaq notice
Required Days At or Above Minimum
ten consecutive business days
Period closing bid must be at least $1.00 to regain compliance
Key Terms
Minimum Bid Price, Nasdaq Listing Rule 5550(a)(2), Nasdaq Capital Market, reverse stock split, +1 more
5 terms
Minimum Bid Price financial
"the closing bid price ... was below $1.00 per share, which is the minimum closing bid price"
The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.
Nasdaq Listing Rule 5550(a)(2) regulatory
"required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2)"
Nasdaq Capital Market financial
"continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2)"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
reverse stock split financial
"intent to cure the deficiency by effecting a reverse stock split of its Common Stock"
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
"includes “forward-looking statements” within the meaning of Section 27A of the Securities Act"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Elutia (ELUT) disclose about its Nasdaq listing status?
Elutia disclosed it received a Nasdaq notice that its Class A common stock traded below the $1.00 minimum bid price for 30 consecutive business days, triggering a deficiency under Nasdaq Listing Rule 5550(a)(2) for The Nasdaq Capital Market listing.
How long does Elutia (ELUT) have to regain Nasdaq bid price compliance?
Elutia has a 180-calendar-day compliance period, until February 2, 2027, to regain compliance. It must achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days within that initial period.
What happens if Elutia (ELUT) does not meet the $1.00 bid price requirement?
If Elutia does not regain the $1.00 minimum bid price during the initial 180-day period, its stock may be subject to delisting. Nasdaq could allow another 180-day period if other listing standards are met and Elutia plans a cure, potentially including a reverse stock split.
Can Elutia (ELUT) receive additional time from Nasdaq to regain compliance?
Elutia may be eligible for an additional 180-calendar-day compliance period if it meets the market value of publicly held shares and other initial listing standards, except the bid price, and informs Nasdaq it intends to cure the deficiency, possibly through a reverse stock split.
How does the Nasdaq notice affect current trading of Elutia (ELUT) stock?
The notice has no immediate effect on trading. Elutia’s Class A common stock continues to trade on The Nasdaq Capital Market under the symbol ELUT while the company works within the compliance period to address the minimum bid price requirement.
What actions might Elutia (ELUT) consider to address the bid price deficiency?
Elutia states it will monitor the closing bid price and assess available options to regain compliance. If needed for an extension, it may notify Nasdaq of its intent to cure the deficiency, which could include effecting a reverse stock split of its common stock.