DelistingOct 1, 2026, 04:16 PM
Gaxos.ai Receives Nasdaq Delisting Warning for Low Stock Price
AI Summary
Gaxos.ai Inc. (GXAI) has been notified by Nasdaq that it is not in compliance with the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The company has 180 days, until March 29, 2027, to regain compliance by achieving a closing bid price of at least $1.00 for 10 consecutive business days. Gaxos.ai is exploring options, such as a reverse stock split, to meet the requirement. The notification does not immediately affect the trading of its common stock.
Key Highlights
- Gaxos.ai Inc. received a notification from Nasdaq for non-compliance with minimum bid price requirements.
- The company's common stock must maintain a closing bid price of at least $1.00 per share for 10 consecutive business days to regain compliance.
- Gaxos.ai has until March 29, 2027, to regain compliance with Nasdaq Listing Rule 5550(a)(2).
- The company is considering options to regain compliance, including a potential reverse stock split.
Price Impact
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