Trinity Biotech (TRIB) faces Nasdaq $1 bid-price notice amid large resale
Rhea-AI Filing Summary
Trinity Biotech plc filed a prospectus supplement covering the resale by selling shareholders of up to 1,117,818,000 Ordinary Shares, represented by up to 55,890,900 ADSs. The supplement incorporates a recent Form 6-K reporting that Nasdaq notified the company its ADSs no longer meet the minimum bid price requirement of US $1.00 per share after trading below that level for 30 consecutive business days. Trinity Biotech has 180 calendar days, until August 10, 2026, to regain compliance while its ADSs, which last traded at $0.77 on February 13, 2026, remain listed on the Nasdaq Global Select Market.
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- Nasdaq minimum bid price deficiency: Trinity Biotech received a notice that its ADSs no longer meet Nasdaq Listing Rule 5450(a)(1) after closing below the required US $1.00 minimum bid price for 30 consecutive business days, and has only 180 calendar days, until August 10, 2026, to regain compliance.
Insights
Resale registration continues as Trinity Biotech faces Nasdaq minimum bid price deficiency.
The company is maintaining a large resale registration for up to 1,117,818,000 Ordinary Shares, or 55,890,900 ADSs, allowing selling shareholders to offer shares over time. This is primarily an administrative step updating the prospectus with new information from a recent Form 6-K.
More significantly, Trinity Biotech received a Nasdaq notice that its ADSs failed to maintain the required minimum bid price of
The company has 180 calendar days, until