TuHURA Biosciences Gets Nasdaq Bid Price Notice
TuHURA Biosciences, Inc. received a notice from Nasdaq that its common stock no longer meets the minimum bid price requirement because the consolidated closing bid has been below $1.00 per share for 35 consecutive business days as of January 28, 2026.
Rhea-AI Filing Summary
TuHURA Biosciences, Inc. received a notice from Nasdaq that its common stock no longer meets the minimum bid price requirement because the consolidated closing bid has been below $1.00 per share for 35 consecutive business days as of January 28, 2026. The stock is not being immediately delisted, and the company has a 180-day grace period, until July 28, 2026, to regain compliance by maintaining a closing bid of at least $1.00 for at least ten consecutive business days. If it still fails to comply, TuHURA may be eligible for a second 180-day period, potentially including measures such as a reverse stock split, and could also request a hearing to delay any suspension or delisting. The company states that the notice does not affect its business, operations, or SEC reporting, but it cautions that there is no assurance it will regain or maintain Nasdaq listing compliance.
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- Nasdaq minimum bid price noncompliance and delisting risk: TuHURA’s stock traded below $1.00 for 35 consecutive business days as of January 28, 2026, triggering a Nasdaq deficiency notice and initiating a defined timeline that could ultimately lead to delisting if compliance is not restored.
Insights
Nasdaq bid-price noncompliance raises delisting risk for TuHURA.
TuHURA Biosciences has fallen below Nasdaq’s $1.00 minimum bid price for 35 consecutive business days as of January 28, 2026. This formally places the stock out of compliance with Nasdaq Listing Rule 5550(a)(2), triggering a structured remediation timeline.
The company now has a 180-day grace period, until July 28, 2026, to achieve a closing bid of at least $1.00 for ten consecutive business days. Failing that, a second 180-day period is possible if it meets all other initial listing standards and indicates an intention to cure, potentially via a reverse stock split.
If compliance is not regained and no satisfactory plan is accepted, the common stock would be subject to delisting, though TuHURA could request a hearing before an independent Nasdaq panel to temporarily stay suspension or delisting. The company emphasizes that its operations and SEC reporting continue unchanged, but it acknowledges there is no assurance of regaining compliance.
8-K Event Classification
FAQ
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Why did TuHURA Biosciences (HURA) receive a Nasdaq deficiency notice?
What deadline does TuHURA Biosciences (HURA) have to regain Nasdaq compliance?
Can TuHURA Biosciences (HURA) get more time beyond the first 180-day period?
Is TuHURA Biosciences (HURA) being immediately delisted from Nasdaq?
Does the Nasdaq notice affect TuHURA Biosciences’ business operations?
What actions might TuHURA Biosciences (HURA) take to fix its Nasdaq bid price issue?
AI-generated analysis. How Rhea-AI works. Not financial advice.