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
Nasdaq’s letter dated
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).
FAQ
What did Intelligent Bio Solutions Inc. (INBS) announce in this 8-K?
Why was INBS previously out of compliance with Nasdaq listing rules?
How did Intelligent Bio Solutions regain compliance with the Nasdaq bid price rule?
What does Nasdaq’s letter mean for INBS’s listing status?
Which Nasdaq rule is referenced in the INBS 8-K filing?
What stock exchange is Intelligent Bio Solutions Inc. listed on?