InMed regains Nasdaq bid price compliance
InMed Pharmaceuticals Inc. has regained compliance with Nasdaq’s minimum bid price requirement for continued listing on the Nasdaq Capital Market.
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Rhea-AI Filing Summary
InMed Pharmaceuticals Inc. has regained compliance with Nasdaq’s minimum bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq confirmed that the company’s common shares closed at or above $1.00 per share for 10 consecutive business days from May 19, 2026 through June 2, 2026.
This closes a prior deficiency notice InMed received in March 2026 after its shares traded below $1.00 for 30 consecutive business days. The company remains listed on Nasdaq and has disclosed the update via an 8-K and accompanying press release.
Positive
- Nasdaq compliance restored: InMed regained compliance with Nasdaq Listing Rule 5550(a)(2) after its shares closed at or above $1.00 for 10 consecutive business days, removing an active bid-price delisting risk.
Negative
- None.
Insights
InMed removes a Nasdaq listing deficiency by restoring its share price above the $1.00 minimum.
InMed Pharmaceuticals previously faced a Nasdaq deficiency because its common shares traded below $1.00 for 30 consecutive business days. Nasdaq listing rules require a minimum bid price of $1.00 to remain on the Nasdaq Capital Market.
Nasdaq has now determined that InMed’s shares closed at or above $1.00 for 10 straight business days from May 19, 2026 to June 2, 2026. That restores compliance with Nasdaq Listing Rule 5550(a)(2) and formally closes the matter.
This development removes the immediate risk of delisting tied to bid price for now. Future impact depends on whether the company can sustain its share price and continue meeting all Nasdaq standards, as highlighted in its forward-looking statements and risk disclosures.
8-K Event Classification
Key Figures
Key Terms
Nasdaq Listing Rule 5550(a)(2) regulatory
minimum bid price requirement regulatory
Nasdaq Capital Market regulatory
forward-looking information regulatory
CB1/CB2 receptors medical
FAQ
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Filing Exhibits & Attachments
6 documentsPress Releases
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