Leslie’s (NASDAQ: LESL) back in compliance with Nasdaq listing rules

Rhea-AI Filing Summary

Leslie’s, Inc. reports that it has regained compliance with Nasdaq listing requirements tied to the market value of its publicly held shares. The company received a letter from Nasdaq on May 29, 2026 confirming that it met the minimum $15,000,000 market value standard under Listing Rule 5450(b)(3)(C) for the period from May 14 to May 28, 2026. This resolves a prior February 11, 2026 notice that had given Leslie’s until August 10, 2026 to cure the deficiency, and Nasdaq has now closed the matter.

Insights

Equity listing and regulatory analyst

Leslie’s has cured a Nasdaq listing deficiency tied to public float value.

Leslie’s, Inc. previously fell below Nasdaq’s required market value of publicly held shares, triggering a February 11, 2026 notice and a cure deadline of August 10, 2026. The rule required at least $15,000,000 of market value for 30 consecutive business days.

Nasdaq’s May 29, 2026 letter confirms Leslie’s maintained the required level from May 14–28, 2026, bringing it back into compliance with Listing Rule 5450(b)(3)(C). This removes the near-term risk associated with that specific deficiency while leaving the company’s underlying business performance unchanged.

The matter is described as closed by Nasdaq, meaning the company continues to trade on the Nasdaq Global Select Market under its existing listing standard. Future disclosures in company filings may provide context on share price and public float trends that influenced this compliance period.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Minimum MVPHS requirement: $15,000,000 Initial deficiency notice date: February 11, 2026 Cure period length: 180 calendar days +2 more

5 metrics

Minimum MVPHS requirement $15,000,000 Nasdaq Listing Rule 5450(b)(3)(C) threshold

Initial deficiency notice date February 11, 2026 Nasdaq notified Leslie’s of non-compliance

Cure period length 180 calendar days Time allowed to regain compliance, ending August 10, 2026

Compliance measurement period May 14–28, 2026 Dates Leslie’s maintained MVPHS ≥ $15,000,000

Compliance confirmation date May 29, 2026 Nasdaq letter confirming rule 5450(b)(3)(C) compliance

Key Terms

market value of publicly held shares, Nasdaq Listing Rule 5450(b)(3)(C), Nasdaq Global Select Market, Emerging growth company

4 terms

market value of publicly held shares financial

"the Company failed to maintain a minimum market value of publicly held shares (“MVPHS”) of $15,000,000"

The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.

Nasdaq Listing Rule 5450(b)(3)(C) regulatory

"the Company was not in compliance with Nasdaq Listing Rule 5450(b)(3)(C)"

Nasdaq Global Select Market market

"Common stock, par value $0.001 per share | | LESL | | The Nasdaq Global Select Market"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

Emerging growth company regulatory

"Emerging growth company Item 8.01 Other Events."

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

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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): May 29, 2026

LESLIE’S, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-39667	20-8397425
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
2005 East Indian School Road
Phoenix, Arizona				85016
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (602) 366-3999

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the 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))

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.001 per share		LESL		The Nasdaq Global Select Market

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 8.01 Other Events.

As previously reported, on February 11, 2026, Leslie’s Inc. (the “Company”) received notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(b)(3)(C) because, for a period of 30 consecutive business days, the Company failed to maintain a minimum market value of publicly held shares (“MVPHS”) of $15,000,000 (as calculated pursuant to Nasdaq Listing Rules), and that the Company had a period of 180 calendar days from the date of such notification, or until August 10, 2026, to regain compliance.

On May 29, 2026, the Company received a letter from Nasdaq notifying the Company that it has regained compliance with Nasdaq Listing Rule 5450(b)(3)(C) by maintaining MVPHS of $15,000,000 or greater for the period from May 14, 2026 to May 28, 2026, and that the matter is now closed.

SIGNATURES

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 hereunto duly authorized.

			Leslie's, Inc.
Date:	June 1, 2026	By:	/s/ Benjamin Lindquist
			Benjamin Lindquist Senior Vice President, General Counsel & Corporate Secretary

FAQ

What Nasdaq issue did Leslie’s (LESL) disclose in this 8-K?

Leslie’s disclosed that it previously fell out of compliance with Nasdaq Listing Rule 5450(b)(3)(C), which requires a minimum market value of publicly held shares of $15,000,000 over 30 consecutive business days, but has since cured this deficiency.

How did Leslie’s (LESL) regain compliance with Nasdaq Listing Rule 5450(b)(3)(C)?

Leslie’s regained compliance by maintaining a market value of publicly held shares of at least $15,000,000 from May 14, 2026 through May 28, 2026. Nasdaq confirmed this performance met the rule’s requirements and formally notified the company that compliance was restored.

What timeline did Nasdaq originally give Leslie’s (LESL) to fix its listing deficiency?

Nasdaq’s February 11, 2026 notice gave Leslie’s 180 calendar days, until August 10, 2026, to regain compliance with the minimum market value of publicly held shares requirement. The company ultimately satisfied the rule and received confirmation of compliance before that deadline.

What does Nasdaq Listing Rule 5450(b)(3)(C) require from Leslie’s (LESL)?

Nasdaq Listing Rule 5450(b)(3)(C) requires Leslie’s to maintain a minimum market value of publicly held shares of $15,000,000 for at least 30 consecutive business days. Falling below this threshold triggers a deficiency notice and a period to regain compliance.

What is the current status of Leslie’s (LESL) Nasdaq listing following this update?

Nasdaq informed Leslie’s on May 29, 2026 that the company has regained compliance with Listing Rule 5450(b)(3)(C), and that the deficiency matter is now closed. Leslie’s continues to list its common stock on the Nasdaq Global Select Market.

When did Leslie’s (LESL) receive confirmation that its Nasdaq deficiency was resolved?

Leslie’s received a letter from Nasdaq on May 29, 2026 confirming it had regained compliance with the market value of publicly held shares requirement. The letter stated that the company met the standard between May 14 and May 28, and that the case was closed.

Filing Exhibits & Attachments

1 document

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