Trinity Biotech flagged for Nasdaq MVPHS shortfall
Trinity Biotech plc received a Nasdaq notice that it no longer meets the Nasdaq Global Select Market requirement that listed securities maintain a minimum market value of publicly held shares of $15,000,000 based on the last 30 consecutive business days.
Rhea-AI Filing Summary
Trinity Biotech plc received a Nasdaq notice that it no longer meets the Nasdaq Global Select Market requirement that listed securities maintain a minimum market value of publicly held shares of $15,000,000 based on the last 30 consecutive business days.
The company’s ADSs remain listed and trading on the Nasdaq Global Select Market under the symbol TRIB, with no immediate effect from the notice. Trinity Biotech has 180 calendar days, until August 18, 2026, to regain compliance by having its market value of publicly held shares exceed $15,000,000 for at least 10 consecutive business days, or it may seek transfer to The Nasdaq Capital Market if it meets those listing standards.
If it fails to regain compliance or transfer by that date, Nasdaq may move to delist the ADSs, a decision the company could appeal to a hearings panel, though success is not assured.
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- Nasdaq listing deficiency and potential delisting over MVPHS shortfall: Trinity Biotech no longer satisfies Nasdaq Global Select Market Rule 5450(b) requiring a minimum $15,000,000 market value of publicly held shares and faces possible delisting if it cannot regain compliance or transfer to The Nasdaq Capital Market by August 18, 2026.
Insights
Nasdaq listing deficiency introduces delisting risk if compliance is not restored.
Trinity Biotech has been notified by Nasdaq that its market value of publicly held shares has stayed below $15,000,000 for 30 consecutive business days, breaching Listing Rule 5450(b). The ADSs continue to trade on the Nasdaq Global Select Market for now.
Under Listing Rule 5810(c)(3)(D), the company has 180 calendar days, until August 18, 2026, to push its MVPHS above $15,000,000 for at least 10 consecutive business days or qualify to transfer to The Nasdaq Capital Market. If it does neither, Nasdaq may initiate delisting.
Any delisting notice after August 18, 2026 could be appealed to a hearings panel, but the company notes there is no assurance an appeal would succeed. Actual impact will depend on future MVPHS levels, potential market transfer, and any panel outcome.
FAQ
What Nasdaq rule did Trinity Biotech (TRIB) fail to meet?
Trinity Biotech failed Nasdaq Listing Rule 5450(b), which requires a minimum market value of publicly held shares of $15,000,000. Nasdaq determined the company’s MVPHS stayed below this threshold for 30 consecutive business days, triggering the non-compliance notice.
Does the Nasdaq non-compliance notice immediately affect Trinity Biotech ADS trading?
The notice has no immediate effect on trading of Trinity Biotech’s ADSs. They continue to trade on the Nasdaq Global Select Market under the symbol TRIB while the company works within Nasdaq’s 180-day compliance period ending August 18, 2026.
How can Trinity Biotech (TRIB) regain compliance with Nasdaq MVPHS requirements?
To regain compliance, Trinity Biotech’s market value of publicly held shares must exceed $15,000,000 for at least 10 consecutive business days within the 180-day period ending August 18, 2026, in accordance with Nasdaq Listing Rule 5810(c)(3)(D).
What happens if Trinity Biotech does not regain Nasdaq compliance by August 18, 2026?
If Trinity Biotech does not regain compliance or transfer to The Nasdaq Capital Market by August 18, 2026, Nasdaq will notify the company that its ADSs are subject to delisting. The company could then appeal to a hearings panel, with no assurance of success.
Can Trinity Biotech move from Nasdaq Global Select to Nasdaq Capital Market?
If the MVPHS deficiency persists for 180 days, Trinity Biotech may seek transfer to The Nasdaq Capital Market. Any transfer would depend on meeting that market’s continued listing requirements, as outlined in the company’s explanation of the Nasdaq process.
What business does Trinity Biotech (TRIB) operate while addressing Nasdaq issues?
Trinity Biotech is a commercial-stage biotechnology company focused on diabetes management and human diagnostics. It develops and markets diagnostic systems and wearable biosensors, including continuous glucose monitoring products, selling in the United States and through partners in over 75 countries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2026
TRINITY BIOTECH PLC
(Name of Registrant)
IDA Business Park
Bray, Co. Wicklow, Ireland
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form
40-F.
Form 20-F ☒ Form 40-F ☐
This Form 6-K is being incorporated by reference into our Registration Statements on Form S-8 (File Nos. 333-182279,
333-195232, 333-253070 and 333-292753).
EXPLANATORY NOTE
On February 19, 2026, the Company issued a press release announcing it had received a notice from the Nasdaq Stock Market LLC (“Nasdaq”)
that the Company no longer meets the requirement in Nasdaq Listing Rule 5450(b) that listed securities maintain a minimum market value of publicly held shares (“MVPHS”) of $15,000,000, based on Nasdaq’s review of the Company’s MVPHS for the last 30
consecutive business days. The Company has a period of 180 calendar days, or until August 18, 2026 to regain compliance with Nasdaq Listing Rule 5450(b). A copy of the press release is filed herewith as Exhibit 99.1.
EXHIBIT INDEX
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Exhibit
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Description
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99.1
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Trinity Biotech
Receives Non-Compliance Notice Regarding Nasdaq Global Select Requirement for Minimum Market Value of Publicly Held Shares
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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, thereunto duly authorized.
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TRINITY BIOTECH PLC
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Trinity Biotech plc
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(Registrant)
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By:
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/s/ Paul Murphy
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Paul Murphy
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Interim Chief Financial Officer
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Date: February 20, 2026
Exhibit 99.1
| Contact: | Trinity Biotech plc | RedChip Companies Inc. |
| Paul Murphy | Dave Gentry, CEO | |
| (353)-1-2769800 | (1)-407-644-4256 | |
| (1)-800-RED-CHIP (733-2447) | ||
| TRIB@redchip.com |
Trinity Biotech Receives Non-Compliance Notice Regarding
Nasdaq Global Select Requirement for Minimum Market Value of
Publicly Held Shares
DUBLIN, Ireland
(February 20, 2026) - Trinity Biotech plc (Nasdaq: TRIB), a commercial-stage biotechnology company focused on human diagnostics and diabetes management solutions, including wearable biosensors, received notice on February 19, 2026 from the
Nasdaq Stock Market LLC (“Nasdaq”) that the Company no longer meets the requirement in Nasdaq Listing Rule 5450(b) that listed securities maintain a minimum market value of publicly held shares (“MVPHS”) of $15,000,000, based on Nasdaq’s review of
the Company’s MVPHS for the last 30 consecutive business days.
This notice has no immediate effect on the listing of the Company’s ADSs, which will continue to trade at this
time on the Nasdaq Global Select Market under the symbol “TRIB.”
In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has a period of 180 calendar days, or until
August 18, 2026, to regain compliance with the MVPHS requirement. To regain compliance, the Company’s MVPHS must exceed $15,000,000 for a minimum of 10 consecutive business days. In the event that the deficiency continues for 180 days, the Company
may seek to apply for a transfer to The Nasdaq Capital Market exchange if it meets the requirements for continued listing thereon. If the Company does not regain compliance with the minimum MVPHS requirement by August 18, 2026 or transfer to The
Nasdaq Capital Market, Nasdaq will provide written notification to the Company that its ADSs are subject to delisting. At that time, the Company may appeal the relevant delisting determination to a hearings panel pursuant to the procedures set
forth in the applicable Nasdaq Listing Rules. However, there can be no assurance that if the Company does appeal the delisting determination by Nasdaq to the hearings panel, that such appeal would be successful.
Forward-Looking Statements
This release includes statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 (the “Reform Act”), including but not limited to statements related to Trinity Biotech’s cash position, financial resources and potential for future growth, market acceptance and penetration of new or planned product offerings,
and future recurring revenues and results of operations. Trinity Biotech claims the protection of the safe harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms
“may,” “believes,” “projects,” “expects,” “anticipates,” or words of similar import, and do not reflect historical facts. Specific forward-looking statements contained in this release may be affected by risks and uncertainties, including, but not
limited to, our ability to capitalize on the Waveform transaction and of our recent acquisitions, our continued listing on the Nasdaq Stock Market, our ability to achieve profitable operations in the future, our ability to reduce our debt and
improve our capitalization, the impact of the spread of COVID-19 and its variants, the possible pause and/or disruption in U.S. Government funding for HIV tests produced by Trinity Biotech, potential excess inventory levels and inventory imbalances
at the company’s distributors, losses or system failures with respect to Trinity Biotech’s facilities or manufacturing operations, the effect of exchange rate fluctuations on international operations, fluctuations in quarterly operating results,
dependence on suppliers, the market acceptance of Trinity Biotech’s products and services, the continuing development of its products, required government approvals, risks associated with manufacturing and distributing its products on a commercial
scale free of defects, risks related to the introduction of new instruments manufactured by third parties, risks associated with competing in the human diagnostic market, risks related to the protection of Trinity Biotech’s intellectual property or
claims of infringement of intellectual property asserted by third parties and risks related to condition of the United States economy and other risks detailed under “Risk Factors” in Trinity Biotech’s annual report on Form 20-F for the fiscal year
ended December 31, 2024 and Trinity Biotech’s other periodic reports filed from time to time with the United States Securities and Exchange Commission. Forward-looking statements speak only as of the date the statements were made. Trinity Biotech
does not undertake and specifically disclaims any obligation to update any forward-looking statements.
About Trinity Biotech
Trinity Biotech is a commercial stage biotechnology company focused on diabetes management solutions and human diagnostics, including
wearable biosensors. The Company develops, acquires, manufactures and markets diagnostic systems, including both reagents and instrumentation, for the point-of-care and clinical laboratory segments of the diagnostic market and has recently entered
the wearable biosensor industry, with the acquisition of the biosensor assets of Waveform Technologies Inc. and intends to develop a range of biosensor devices and related services, starting with a continuous glucose monitoring product. Our
products are used to detect infectious diseases and to quantify the level of Haemoglobin A1c and other chemistry parameters in serum, plasma and whole blood. Trinity Biotech sells direct in the United States and through a network of international
distributors and strategic partners in over 75 countries worldwide. For further information, please see the Company's website: www.trinitybiotech.com.