Femasys (NASDAQ: FEMY) granted Nasdaq bid price cure extension
Rhea-AI Filing Summary
Femasys Inc. reported that Nasdaq has granted the company a 180-day extension, until July 13, 2026, to regain compliance with Nasdaq’s minimum bid price requirement, which calls for its common stock to close at or above $1.00 per share for at least ten consecutive business days. The company had previously fallen out of compliance after its share price stayed below $1.00 for 30 consecutive business days. In support of its extension request, Femasys indicated it had more than $5 million in stockholders’ equity as of December 31, 2025 and informed Nasdaq of its intention to cure the deficiency, including potentially effecting a reverse stock split if needed. Femasys plans to continue monitoring its share price and consider available options to regain and maintain compliance with the listing standards.
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Insights
Nasdaq granted Femasys extra time to fix its sub-$1 share price.
Femasys Inc. has secured a 180-day extension from Nasdaq, moving its deadline to regain compliance with the $1.00 per share minimum bid price rule to July 13, 2026. This follows an earlier notice that its stock had traded below $1.00 for 30 consecutive business days, putting its Nasdaq Capital Market listing at risk under Listing Rule 5550(a)(2).
To obtain the extension, the company indicated it had more than $5 million in stockholders’ equity as of December 31, 2025 and stated an intention to cure the deficiency, including using a reverse stock split if necessary. The extension reduces immediate delisting pressure but does not resolve the underlying share-price issue; actual outcomes will depend on market trading and any corporate actions the board approves.
Key milestones are Nasdaq’s new compliance deadline of July 13, 2026 and the potential implementation of a reverse stock split designed to achieve at least ten consecutive business days with a closing bid of $1.00 or more. Subsequent company disclosures may outline whether and when a reverse split or other measures are formally adopted.