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SkinHealth Systems (NASDAQ: SKIN) warned over Nasdaq $1 minimum bid price

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

SkinHealth Systems Inc. received a notice from Nasdaq that its Class A common stock no longer meets the exchange’s $1.00 minimum bid price requirement, after trading below $1.00 for 30 consecutive business days from March 26, 2026 through May 7, 2026. The stock remains listed on the Nasdaq Capital Market under the symbol SKIN, and trading is not immediately affected.

The company has 180 calendar days, until November 4, 2026, to regain compliance by having a closing bid of at least $1.00 per share for a minimum of ten consecutive business days, which Nasdaq may extend up to twenty days. If it fails to comply, SkinHealth may qualify for an additional 180-day period, potentially including a reverse stock split. If compliance is still not achieved, the stock could be delisted, although the company would have the right to appeal.

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Insights

Nasdaq bid-price noncompliance raises real delisting risk for SKIN.

SkinHealth Systems Inc. has fallen below Nasdaq’s $1.00 minimum bid requirement for 30 straight business days, triggering a formal deficiency notice. The stock stays on the Nasdaq Capital Market for now, but the exchange has started the compliance clock.

The company has until November 4, 2026 to post at least ten consecutive days with a closing bid at or above $1.00. Nasdaq can extend that to twenty days and may grant an additional 180-day compliance window if other initial listing standards and market value tests are met.

The filing notes that SkinHealth may address the issue with options including a potential reverse stock split. If the company cannot restore compliance within the allowed period(s), Nasdaq may move to delist the shares, with SkinHealth retaining the ability to appeal to a Nasdaq Hearings Panel.

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.
Minimum bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) continued listing standard
Noncompliance period 30 consecutive business days Below $1.00 from March 26, 2026 through May 7, 2026
Initial compliance period 180 calendar days To regain compliance by November 4, 2026
Required compliant trading span At least 10 business days Closing bid at or above $1.00 per share; Nasdaq may require up to 20 days
Potential extension period Additional 180 calendar days Available if other Nasdaq initial listing standards are met
Nasdaq Listing Rule 5550(a)(2) regulatory
"was not in compliance with Nasdaq Listing Rule 5550(a)(2) for continued listing"
Minimum Bid Price Requirement financial
"for 30 consecutive business days ... (the “Minimum Bid Price Requirement”)"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
Nasdaq Listing Rule 5810(c)(3)(A) regulatory
"In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days"
Additional Compliance Period regulatory
"may be eligible for an additional 180 calendar days to regain compliance ... (the “Additional Compliance Period”)"
reverse stock split financial
"including by effecting a reverse stock split, if necessary"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Nasdaq Hearings Panel regulatory
"the Company may appeal the delisting determination to a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
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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 8, 2026
 
SkinHealth Systems Inc.
(Exact name of registrant as specified in its charter)  
 
Delaware 001-39565 85-1908962
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
3600 E. Burnett Street
Long Beach, CA
(Address of principal executive offices)

90815
(Zip Code)
(800) 603-4996
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K 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
Class A Common Stock, par value $0.0001 per share SKIN 
The Nasdaq Capital 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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On May 8, 2026, SkinHealth Systems Inc., a Delaware corporation (the “Company”), received a notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the listing of its Class A Common Stock, par value $0.0001 per share (the “Common Stock”), was not in compliance with Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market, as the closing bid price of the Common Stock was less than $1.00 per share for 30 consecutive business days from March 26, 2026 through May 7, 2026 (the “Minimum Bid Price Requirement”).

The Notice has no immediate effect on the listing or trading of the Common Stock, and the Common Stock will continue to trade on The Nasdaq Capital Market under the symbol, “SKIN”.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until November 4, 2026, to regain compliance with the Minimum Bid Price Requirement (the “Compliance Period”). To regain compliance, during this 180-day Compliance Period, the closing bid price of the Common Stock must be at least $1.00 per share or more for a minimum of ten consecutive business days. Nasdaq may, in its discretion, require the Company to maintain such closing bid price for a period in excess of ten consecutive business days, but generally no more than twenty consecutive business days, before determining that the Company has regained compliance.

If the Company does not regain compliance with the Minimum Bid Price Requirement before the expiration of the Compliance Period, the Company may be eligible for an additional 180 calendar days to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A) (the “Additional Compliance Period”). To qualify for the Additional Compliance Period, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other applicable initial listing standards for The Nasdaq Capital Market (except the Minimum Bid Price Requirement) and to provide written notice to Nasdaq of its intention to cure the deficiency during the Additional Compliance Period, including by effecting a reverse stock split, if necessary. If it appears to the Nasdaq staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible for the Additional Compliance Period, Nasdaq will provide notice that the Common Stock will be subject to delisting.

If the Company does not regain compliance within the applicable compliance period(s), including any Additional Compliance Period that may be granted, Nasdaq will provide notice that the Common Stock will be subject to delisting. At that time, the Company may appeal the delisting determination to a Nasdaq Hearings Panel.

The Company intends to actively monitor the closing bid price of its Common Stock and will consider available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement. However, there can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement or will otherwise be in compliance with any other Nasdaq listing requirement.

Cautionary Note Regarding Forward Looking Statements

Certain statements in this Current Report on Form 8-K constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements related to the Company’s intent or ability to regain compliance with Nasdaq’s continued listing standards, plans, strategies, and objectives. The words “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, and expectations may not be achieved. The Company’s actual results, performance, or achievements may differ materially from those anticipated in these forward-looking statements as a result of certain risks and other factors, including the risks and uncertainties described in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and elsewhere in the Company’s quarterly and other reports filed with the U.S. Securities and Exchange Commission. You should not put undue reliance on any forward-looking statements. You should understand that many important factors, including those identified herein, could cause the Company's results to differ materially from those expressed or suggested in any forward-looking statement. Except as required by law, the Company does not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or



circumstances that occur after the date of the filing of this Current Report on Form 8-K or to reflect the occurrence of unanticipated events or otherwise.












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 hereunto duly authorized.
 
Dated: May 12, 2026SkinHealth Systems Inc.
By:/s/ Michael Monahan
Name:Michael Monahan
Title:Chief Financial Officer

FAQ

Why did SkinHealth Systems Inc. (SKIN) receive a Nasdaq noncompliance notice?

SkinHealth received the notice because its Class A common stock closed below $1.00 per share for 30 consecutive business days from March 26 to May 7, 2026, violating Nasdaq Listing Rule 5550(a)(2) on minimum bid price requirements.

Is SkinHealth Systems Inc. (SKIN) being delisted from Nasdaq now?

SkinHealth is not being delisted immediately. Its shares continue trading on the Nasdaq Capital Market under the symbol SKIN while the company has an initial 180-day period to regain compliance with the $1.00 minimum bid price requirement.

How long does SkinHealth (SKIN) have to regain Nasdaq bid-price compliance?

SkinHealth has 180 calendar days, until November 4, 2026, to regain compliance by achieving a closing bid of at least $1.00 per share for a minimum of ten consecutive business days, subject to Nasdaq’s discretion.

Can SkinHealth Systems Inc. (SKIN) get more time beyond November 4, 2026?

SkinHealth may qualify for an additional 180-day compliance period if it meets other initial listing standards, including market value of publicly held shares, and notifies Nasdaq of plans to cure the deficiency, potentially through a reverse stock split.

What happens if SkinHealth (SKIN) still fails Nasdaq’s minimum bid requirement?

If SkinHealth does not regain compliance within the initial and any additional compliance periods, Nasdaq may determine that the common stock is subject to delisting. At that point, the company would have the right to appeal to a Nasdaq Hearings Panel.

How does SkinHealth Systems plan to address the Nasdaq compliance issue?

SkinHealth states it will actively monitor the closing bid price of its common stock and consider available options to resolve the deficiency, which may include a reverse stock split, though it cannot assure investors it will regain full Nasdaq compliance.

Filing Exhibits & Attachments

4 documents