Mangoceuticals (MGRX) warned by Nasdaq over sub-$1 bid price and listing risk
Rhea-AI Filing Summary
Mangoceuticals, Inc. reported that on February 4, 2026 it received a deficiency notice from Nasdaq because its common stock bid price had closed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
The company has a 180-calendar day grace period, until August 3, 2026, to regain compliance by having its stock close at or above $1.00 for at least 10 consecutive business days. Nasdaq’s notice does not immediately affect the listing or trading of the stock, and Mangoceuticals plans to monitor its share price and consider options to address the deficiency.
Positive
- None.
Negative
- Nasdaq minimum bid-price deficiency: Mangoceuticals received a notice that its stock traded below the $1.00 minimum bid for 30 consecutive business days, starting a 180-day clock to regain compliance or face potential delisting proceedings.
Insights
Nasdaq bid-price deficiency adds listing risk but no immediate delisting.
Mangoceuticals disclosed a Nasdaq notice for falling below the $1.00 minimum bid requirement for 30 consecutive business days. This triggers Listing Rule 5550(a)(2), placing the stock in a formal deficiency status while it remains on the Nasdaq Capital Market.
The company has a 180-calendar day window, until August 3, 2026, to regain compliance by maintaining a closing bid of at least $1.00 for 10 consecutive business days. Actual consequences depend on future share-price performance and any actions the company decides to take.
Nasdaq’s letter currently has no effect on trading, but it introduces the possibility of future delisting if compliance is not restored within the grace period, subject to any extensions or additional processes that might be available under exchange rules.
8-K Event Classification
AI-generated analysis. How Rhea-AI works. Not financial advice.