DelistingMay 8, 2026, 05:07 PM
Rockwell Medical Receives Nasdaq Delisting Notice for Bid Price
AI Summary
Rockwell Medical, Inc. received a notice from Nasdaq on May 8, 2026, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's common stock traded below $1.00 for 30 consecutive business days. Rockwell Medical has 180 calendar days, until November 4, 2026, to regain compliance. The company plans to propose a reverse stock split to its stockholders to address this issue.
Key Highlights
- Rockwell Medical received a Nasdaq notice on May 8, 2026, for non-compliance with the $1.00 minimum bid price rule.
- The company's common stock traded below $1.00 for 30 consecutive business days.
- Rockwell Medical has 180 calendar days, until November 4, 2026, to regain compliance.
- To regain compliance, the stock must close at or above $1.00 for at least ten consecutive business days.
- The company plans to propose a reverse stock split to stockholders to meet listing requirements.