Intelligent Bio Solutions (NASDAQ: INBS) back in compliance with Nasdaq $1.00 bid rule
Rhea-AI Filing Summary
Intelligent Bio Solutions Inc. reported that it has regained compliance with Nasdaq’s minimum bid price listing rule. The company previously received notice that its common stock had closed below the required $1.00 per share for 30 consecutive business days, putting its Nasdaq Capital Market listing at risk under Listing Rule 5550(a)(2).
On January 7, 2026, Nasdaq’s Listing Qualifications Staff notified the company that it is back in compliance because the closing bid price of its common stock was at or above $1.00 per share for 14 consecutive business days from December 16, 2025 to January 6, 2026. Nasdaq has indicated that the matter is now closed.
Positive
- Regained Nasdaq bid-price compliance: Nasdaq confirmed INBS met the $1.00 minimum bid price for 14 consecutive business days, closing the prior deficiency matter and removing an immediate delisting risk tied to Listing Rule 5550(a)(2).
Negative
- None.
Insights
INBS removed an immediate Nasdaq delisting risk by regaining bid-price compliance.
Intelligent Bio Solutions Inc. had been out of compliance with Nasdaq’s minimum $1.00 bid price rule after its stock closed below that level for 30 straight business days. Such a deficiency can ultimately lead to delisting from the Nasdaq Capital Market if not cured within the grace periods, which can hurt liquidity and investor access.
Nasdaq’s letter dated January 7, 2026 confirms that the company is now back in compliance because its shares closed at or above $1.00 for 14 consecutive business days between December 16, 2025 and January 6, 2026. The Staff has stated the matter is closed, indicating no current bid-price deficiency process is ongoing.
This development stabilizes the company’s exchange listing status based on the disclosed rule. Future listing status will continue to depend on the stock maintaining criteria such as the minimum bid price required under Nasdaq Listing Rule 5550(a)(2).