Shuttle Pharma flagged by Nasdaq for late quarterly report
Rhea-AI Filing Summary
Shuttle Pharmaceuticals Holdings, Inc. (SHPH) disclosed that Nasdaq has notified the company it is out of compliance with Nasdaq Listing Rule 5250(c)(1) because its Quarterly Report on Form 10-Q for the period ended June 30, 2026 has not been filed with the SEC. Shuttle has 60 calendar days, until October 27, 2026, to submit a plan to regain compliance; if Nasdaq accepts the plan, an exception of up to 180 days from the Form 10-Q due date, to February 22, 2027, may be granted. The notice has no immediate effect on the listing or trading of SHPH, but Nasdaq will flag the company as non-compliant on its market data feeds and list of non-compliant issuers, and the stock will be subject to delisting if compliance is not timely regained. Shuttle states it is working diligently and intends to file the Form 10-Q as soon as practicable.
Positive
- None.
Negative
- Nasdaq noncompliance for late 10-Q: SHPH failed to file its Form 10-Q for the quarter ended June 30, 2026 on time, triggering a Nasdaq Listing Rule 5250(c)(1) deficiency notice and raising delisting risk if compliance is not restored.
- Potential delisting if compliance not regained: If Shuttle does not submit an acceptable plan by October 27, 2026 and file the delayed Form 10-Q within any extension period (up to February 22, 2027), its common stock will be subject to delisting from Nasdaq.
8-K Event Classification
3 items: 3.01, 7.01, 9.01
3 items
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, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Quarter end for delayed Form 10-Q: June 30, 2026
Plan submission deadline: October 27, 2026
Maximum Nasdaq exception period: February 22, 2027
+2 more
5 metrics
Quarter end for delayed Form 10-Q
June 30, 2026
Period covered by the untimely Form 10-Q that triggered Nasdaq noncompliance
Plan submission deadline
October 27, 2026
60 calendar days from the Nasdaq notice for Shuttle to submit a compliance plan
Maximum Nasdaq exception period
February 22, 2027
Up to 180 calendar days from the Form 10-Q due date to regain compliance if a plan is accepted
Initial plan window
60 calendar days
Time allowed to submit a plan to regain compliance under the Nasdaq notice
Possible extension length
180 calendar days
Maximum duration of Nasdaq’s exception period to cure the filing deficiency
Key Terms
Nasdaq Listing Rule 5250(c)(1), Form 10-Q, continued listing, delisting, +2 more
6 terms
Nasdaq Listing Rule 5250(c)(1) regulatory
"not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1)"
Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.
Form 10-Q regulatory
"failure to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026"
A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.
continued listing regulatory
"requirements for continued listing under Nasdaq Listing Rule 5250(c)(1)"
When a stock receives a "continued listing," it means the exchange has decided the company’s shares will remain tradable on that market after a review or challenge, often because the company met certain requirements or corrective steps. For investors this matters because continued listing preserves liquidity and access to buy or sell the stock—think of it as a store passing an inspection so customers can keep shopping rather than being forced to close.
delisting regulatory
"If the Company fails to timely regain compliance with the Listing Rule, the Company’s common stock will be subject to delisting"
Delisting occurs when a company's stock is removed from a stock exchange and is no longer available for trading there. This can happen voluntarily or because the company no longer meets the exchange's requirements. For investors, delisting means they can no longer buy or sell shares of that company on the exchange, which may make it more difficult to sell their investments or affect the stock's value.
forward-looking statements regulatory
"may constitute “forward-looking statements.” These statements include, but are not limited to, statements concerning the filing of our Form 10-Q"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
non-compliant companies regulatory
"Nasdaq makes available to investors a list of non-compliant companies, which will include Shuttle"
FAQ
Why did SHPH receive a Nasdaq noncompliance notice?
Shuttle Pharmaceuticals Holdings, Inc. did not file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 by the required due date. This delay caused noncompliance with Nasdaq Listing Rule 5250(c)(1) regarding timely periodic filings.
What deadline does SHPH have to regain Nasdaq compliance?
Shuttle must submit a compliance plan by October 27, 2026, which is 60 calendar days from the Nasdaq notice. If Nasdaq accepts the plan, it may grant up to 180 days from the Form 10-Q due date, to February 22, 2027, to regain compliance.
Does the Nasdaq noncompliance notice immediately affect SHPH stock trading?
No. The company states the Nasdaq notice has no immediate effect on the listing or trading of its common stock. However, Nasdaq will broadcast a non-compliance indicator and include Shuttle on its list of non-compliant companies.
What happens to SHPH if it fails to file the Form 10-Q?
If Shuttle fails to timely file the Form 10-Q and regain compliance within any allowed extension, its common stock will be subject to delisting from Nasdaq. The company would have appeal rights to a Nasdaq hearings panel if its plan is not accepted.
What is SHPH’s stated plan regarding the delayed Form 10-Q?
Shuttle states it continues to work diligently to complete its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 and intends to file it as soon as practicable, and will submit a plan to Nasdaq outlining steps to regain compliance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
