Galmed keeps Nasdaq listing after bid-price fix
Galmed Pharmaceuticals has cured its Nasdaq minimum bid price deficiency, keeping its ordinary shares listed on The Nasdaq Stock Market.
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Rhea-AI Filing Summary
Galmed Pharmaceuticals Ltd. (GLMD) reports that it has regained compliance with Nasdaq’s minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company’s ordinary shares will continue to be listed and traded on The Nasdaq Stock Market after maintaining a closing bid price of at least $1.00 per share for 10 consecutive trading days.
Galmed had previously been notified on January 29, 2026 of a bid-price deficiency and went through an initial and an additional 180-day compliance period before achieving the required trading performance between August 20, 2026 and September 2, 2026. This matter is now closed, and the report is incorporated by reference into the company’s effective Form S-8 and Form F-3 registration statements.
Positive
- Galmed has regained compliance with Nasdaq Listing Rule 5550(a)(2), ensuring its ordinary shares remain listed and traded on The Nasdaq Stock Market.
Negative
- None.
Key Figures
Key Terms
minimum bid price requirement market
Nasdaq Listing Rule 5550(a)(2) regulatory
Form 6-K regulatory
Registration Statements on Form S-8 regulatory
Registration Statement on Form F-3 regulatory
FAQ
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What did Galmed Pharmaceuticals (GLMD) announce regarding its Nasdaq listing?
How did GLMD regain compliance with Nasdaq’s minimum bid price rule?
When was Galmed (GLMD) first notified of its Nasdaq bid price deficiency?
How long was the compliance period given to GLMD to fix the bid price issue?
How does this 6-K for GLMD relate to its existing registration statements?
AI-generated analysis. How Rhea-AI works. Not financial advice.