Galmed gets more time for Nasdaq $1 bid compliance
Galmed Pharmaceuticals Ltd. reports that Nasdaq has granted an additional 180 calendar days, until January 25, 2027, for the company to regain compliance with Nasdaq’s minimum $1 bid price per share requirement.
Rhea-AI Filing Summary
Galmed Pharmaceuticals Ltd. reports that Nasdaq has granted an additional 180 calendar days, until January 25, 2027, for the company to regain compliance with Nasdaq’s minimum $1 bid price per share requirement.
Galmed was first notified on January 29, 2026 that its ordinary shares had traded below $1 for 30 consecutive trading days and did not regain compliance by the initial July 28, 2026 deadline. The company requested and received the extended period. Compliance will be restored if the bid price closes at or above $1 per share for at least 10 consecutive trading days before January 25, 2027. This report is incorporated by reference into Galmed’s existing Form S-8 and Form F-3 registration statements.
Positive
- None.
Negative
- Non-compliance with Nasdaq $1 bid requirement persists after the initial deadline, indicating the company’s shares have traded below $1 for an extended period and remain subject to Nasdaq’s continued listing standards process.
Key Figures
Key Terms
Nasdaq Listing Rule 5550(a)(2) regulatory
Registration Statements on Form S-8 regulatory
Registration Statements on Form F-3 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Galmed Pharmaceuticals (GLMD) disclose in its July 2026 Form 6-K?
What is the new Nasdaq compliance deadline for GLMD’s $1 minimum bid price?
How can Galmed Pharmaceuticals (GLMD) regain compliance with Nasdaq’s bid price rule?
When did Nasdaq first notify GLMD about its minimum bid price deficiency?
Which registration statements does this GLMD Form 6-K affect?
AI-generated analysis. How Rhea-AI works. Not financial advice.