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FibroBiologics (FBLG) faces dual Nasdaq deficiencies and seeks reverse stock split

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

FibroBiologics, Inc. reports that Nasdaq has added a second deficiency notice as an additional basis for potential delisting. The company previously failed to meet the minimum bid price requirement and now also remains below Nasdaq’s $35 million minimum market value of listed securities threshold.

A Nasdaq Hearings Panel will review FibroBiologics’ plan to regain compliance with both rules, and the stock will continue trading on The Nasdaq Capital Market at least until the Panel issues its decision and any granted extension expires. To support regaining compliance, the company has filed proxy materials seeking shareholder approval for a reverse stock split at a ratio between 1-for-5 and 1-for-30, to be set by the board. Management cautions there is no assurance the company will receive an extension or successfully regain compliance.

Positive

  • None.

Negative

  • Heightened Nasdaq delisting risk: FibroBiologics now faces two Nasdaq deficiencies—minimum bid price and market value of listed securities—which the Nasdaq Hearings Panel will consider as additional bases for delisting its shares.
  • Uncertain effectiveness of remediation steps: Although the company has proposed a reverse stock split (between 1-for-5 and 1-for-30), it explicitly notes no assurance of gaining an extension or successfully regaining compliance.

Insights

FibroBiologics faces dual Nasdaq deficiencies and delisting risk despite planned reverse split.

FibroBiologics discloses continued non-compliance with Nasdaq’s market value of listed securities rule, on top of an existing minimum bid price deficiency. Both issues now factor into a Nasdaq Hearings Panel review of the company’s request to remain listed on The Nasdaq Capital Market.

The company remains listed while awaiting the Panel’s decision and any possible extension. To address compliance, it has filed proxy materials seeking shareholder approval for a reverse stock split between 1-for-5 and 1-for-30, with the exact ratio determined by the board.

The filing explicitly warns there is no assurance an extension will be granted or that planned actions will restore compliance. Future disclosures about the Panel’s decision and the outcome of the reverse split proposal will clarify how the company’s listing status evolves.

0001958777false00019587772026-02-032026-02-03

 

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 03, 2026

 

 

FibroBiologics, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-41934

86-3329066

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

455 E. Medical Center Blvd, Suite 300

 

Houston, Texas

 

77598

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 281 671-5150

 

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:

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 each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $0.00001 par value

 

FBLG

 

The Nasdaq Stock Market LLC

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.

As previously reported, on August 4, 2025, FibroBiologics, Inc. (the “Company”) received a letter from the Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that its market value of listed securities (“MVLS”) had closed below the minimum $35 million threshold required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”) for the previous 30 consecutive trading day period. In accordance with Listing Rule 5810(c)(3)(C), the Company was provided with a 180-calendar day period to regain compliance with the MVLS Rule, through February 2, 2026.

On February 3, 2026, the Company received formal notice from the Staff that, based upon the Company’s continued non-compliance with the MVLS Rule, the deficiency serves as an additional basis for the delisting of the Company’s securities from Nasdaq (the “Notice”). The Notice indicated that, in addition to the previously-reported bid price deficiency under Listing Rule 5550(a)(2) (the “Bid Price Rule”), the Nasdaq Hearings Panel (the “Panel”) will consider the Company’s plan to regain compliance with the MVLS Rule in their decision regarding the Company’s request for continued listing on The Nasdaq Capital Market.

At the Company’s hearing before the Panel, the Company presented its plan to regain compliance with both the Bid Price Rule and the MVLS Rule. The Company awaits the Panel’s formal decision in response to its request for continued listing on The Nasdaq Capital Market and will remain listed and trading on The Nasdaq Capital Market at least pending the issuance of the Panel’s decision and the expiration of any extension that may be granted to the Company by the Panel.

The Company intends to actively monitor the closing bid price of its common stock and MVLS and evaluate all available options to regain compliance with the applicable rules. To that end, on December 29, 2025, the Company filed definitive proxy materials with the Securities and Exchange Commission, which, among other matters, seeks shareholder approval for the implementation of a reverse split of the Company’s outstanding common stock, at a ratio ranging from any whole number between and including 1 for 5 and 1 for 30 shares, with the ratio to be determined by the Company’s board of directors. Although the Company is taking definitive steps to regain compliance with the applicable rules, there can be no assurance that the Company will be granted an extension to do so or that any actions taken by the Company will be successful in its effort to regain compliance with the listing rules.

 

Forward-Looking Statements

This report contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s intent or ability to regain compliance with the Rule, the Company’s ability to appeal the Staff’s delisting determination, and the Company’s intentions to actively monitor the closing bid price of its common stock and to evaluate available options to regain compliance with the Rule within the required time period. These forward-looking statements are based on the Company’s management's current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including those set forth under the caption "Risk Factors" and elsewhere in the Company’s annual, quarterly and current reports (i.e., Form 10-K, Form 10-Q and Form 8-K) as filed or furnished with the SEC and any subsequent public filings. Copies are available on the SEC's website, www.sec.gov. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company gives no assurance that it will achieve its expectations.

 


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.

 

 

 

FibroBiologics, Inc.

 

 

 

 

Date:

February 6, 2026

By:

/s/ Pete O'Heeron

 

 

Name:

Title:

Pete O'Heeron
Chief Executive Officer

 


FAQ

What Nasdaq listing issues does FibroBiologics (FBLG) currently face?

FibroBiologics currently faces two Nasdaq deficiencies: failure to meet the minimum bid price rule and failure to maintain the $35 million market value of listed securities requirement, both of which are being reviewed by a Nasdaq Hearings Panel.

Will FibroBiologics (FBLG) be immediately delisted from Nasdaq?

FibroBiologics will remain listed and trading on The Nasdaq Capital Market at least until the Nasdaq Hearings Panel issues its decision and any extension it may grant expires, so there is no immediate delisting based on this disclosure.

How is FibroBiologics (FBLG) planning to regain Nasdaq compliance?

FibroBiologics has filed definitive proxy materials seeking shareholder approval for a reverse stock split of its common stock, at a ratio between 1-for-5 and 1-for-30, with the exact ratio to be chosen by the board of directors.

What is the market value requirement FibroBiologics failed to meet on Nasdaq?

The company’s market value of listed securities stayed below Nasdaq’s required $35 million minimum for 30 consecutive trading days, triggering a notice that this ongoing deficiency is an additional basis for potential delisting from The Nasdaq Capital Market.

What role does the Nasdaq Hearings Panel play for FibroBiologics (FBLG)?

The Nasdaq Hearings Panel will review FibroBiologics’ plan to regain compliance with both the minimum bid price rule and the market value rule, then decide whether to permit continued listing and whether to grant any additional compliance period.

Does FibroBiologics guarantee it will regain Nasdaq compliance?

No. FibroBiologics explicitly states there can be no assurance it will receive an extension from Nasdaq or that its actions, including a potential reverse stock split, will succeed in restoring compliance with the applicable listing rules.
Fibrobiologics

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