Upland Software Receives Nasdaq Deficiency Notice for Sub-$1.00 Stock Price, Faces October 5, 2026 Compliance Deadline
Upland Software, Inc. (UPLD) announced it received a notification from the Nasdaq Listing Qualifications Department on April 7, 2026, indicating non-compliance with Nasdaq Listing Rule 5450(a)(1). The deficiency stems from the Company's common stock closing bid price remaining below the minimum $1.00 per share for 30 consecutive business days. This notification serves as a deficiency notice, not an immediate delisting, and UPLD's common stock will continue to trade on The Nasdaq Global Market under its current symbol. The Company has an initial 180-day period, until October 5, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
Key Highlights
- Upland Software received a notification from Nasdaq on April 7, 2026, regarding non-compliance with the minimum bid price requirement.
- The Company's common stock closing bid price has been below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1).
- UPLD has an initial 180 calendar days, until October 5, 2026, to regain compliance.
- To regain compliance, the Company must maintain a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days.
- If compliance is not met by October 5, 2026, Upland Software may be eligible for a second 180-calendar day compliance period if it transfers to The Nasdaq Capital Market and meets other listing standards.
Price Impact
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