SemiLEDs (NASDAQ: LEDS) faces Nasdaq notice over stockholders’ equity shortfall

Rhea-AI Filing Summary

SemiLEDs Corporation reported that The Nasdaq Stock Market notified the company on January 30, 2026 that it no longer meets the continued listing requirement of at least $2,500,000 in stockholders’ equity under Listing Rule 5550(b)(1).

The company also does not meet Nasdaq’s alternative standards based on market value of listed securities or net income from continuing operations. SemiLEDs has 45 calendar days from January 30, 2026 to submit a plan to regain compliance, and Nasdaq may grant an extension of up to 180 calendar days from that date if the plan is accepted.

Positive

• None.

Negative

• Failure to meet Nasdaq equity and alternative standards – SemiLEDs no longer satisfies the $2,500,000 stockholders’ equity requirement and also fails the market value and net income alternatives, triggering a Nasdaq deficiency notice and introducing a clear risk of potential delisting if compliance is not regained.

Insights

Equity & Listing Standards Analyst

Nasdaq equity deficiency notice raises delisting risk for SemiLEDs.

The notice states that SemiLEDs no longer satisfies Nasdaq’s minimum $2,500,000 stockholders’ equity requirement under Listing Rule 5550(b)(1). It also fails the alternative tests based on market value of listed securities or net income from continuing operations, indicating broader weakness across multiple listing criteria.

The company has 45 calendar days from January 30, 2026 to submit a compliance plan. If Nasdaq accepts that plan, SemiLEDs could receive up to 180 calendar days from January 30, 2026 to regain compliance. Whether the common stock remains on Nasdaq will depend on Nasdaq’s review and the company’s subsequent actions.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice or transferred its listing to a different exchange.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): January 30, 2026

SEMILEDS CORPORATION

(Exact name of registrant as specified in charter)

Delaware	001-34992	20-2735523
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3F, No.11 Ke Jung Rd., Chu-Nan Site, Hsinchu Science Park, Chu-Nan 350, Miao-Li County, Taiwan, R.O.C.		350
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: +886-37-586788

N/A

(Former name or former address if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		TradingSymbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0000056		LEDS		The Nasdaq Stock Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On January 30, 2026, the Company received a separate notice from The NASDAQ Stock Market indicating that the Company does not meet the minimum of $2,500,000 in stockholders’ equity required by Listing Rule 5550(b)(1) for continued listing. The Company also does not meet the alternatives of market value of listed securities or net income from continuing operations. Under the listing rule, the Company has 45 calendar days to submit a plan to regain compliance. If the plan is accepted by The NASDAQ Stock Market, an extension of up to 180 calendar days from January 30, 2026 will be granted.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: February 3, 2026
		SemiLEDs Corporation
		By:		/s/ Christopher Lee
		Name:		Christopher Lee
		Title:		Chief Financial Officer

3

FAQ

Why did SemiLEDs (LEDS) receive a Nasdaq deficiency notice?

SemiLEDs received a Nasdaq notice because it no longer meets the $2,500,000 stockholders’ equity requirement under Listing Rule 5550(b)(1). The company also fails the alternative standards based on market value of listed securities or net income from continuing operations, putting its Nasdaq listing at risk.

What Nasdaq listing rule is SemiLEDs (LEDS) currently not satisfying?

SemiLEDs is not satisfying Nasdaq Listing Rule 5550(b)(1), which requires at least $2,500,000 in stockholders’ equity for continued listing. The company also does not meet Nasdaq’s alternative criteria relating to market value of listed securities or net income from continuing operations, as stated in the notice.

How long does SemiLEDs (LEDS) have to regain Nasdaq compliance?

SemiLEDs has 45 calendar days from January 30, 2026 to submit a plan to regain compliance. If Nasdaq accepts this plan, the company may receive an extension of up to 180 calendar days from January 30, 2026 to fully meet the applicable listing standards again.

What happens if Nasdaq accepts SemiLEDs’ plan to regain compliance?

If Nasdaq accepts SemiLEDs’ compliance plan, the company may be granted up to 180 calendar days from January 30, 2026 to regain compliance with the listing standards. During this extension period, Nasdaq will monitor progress against the plan’s steps and requirements.

Does SemiLEDs (LEDS) meet Nasdaq’s alternative continued listing criteria?

According to the notice, SemiLEDs does not meet Nasdaq’s alternative standards based on market value of listed securities or net income from continuing operations. This means the company currently fails all three available tests under the applicable Nasdaq continued listing rule.