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Securities law

Talphera, Inc. Receives Additional Time to Regain Compliance with Nasdaq Listing Requirements

Strategic Insights

— 1 min read

Talphera, Inc. has been granted an additional 180 days to regain compliance with the minimum bid price requirement, as set forth in Nasdaq Listing Rule 5550(a)(2). The company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "TLPH." The company intends to closely monitor the closing bid price for its common stock and consider all available options to timely remedy the bid price deficiency.

Key Takeaways:

  • Talphera, Inc. received a written notice from the Nasdaq Listing Qualifications Staff granting the company an additional 180 days to regain compliance with the minimum bid price requirement.
  • The company must evidence a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days to regain compliance with the minimum bid price requirement.
  • The company's common stock has been transferred to the Nasdaq Capital Market and will continue to trade under the symbol "TLPH."
  • The company has provided written notice to Nasdaq of its intention to cure the deficiency during the second compliance period.
  • The company may appeal any delisting action by the Nasdaq Hearings Panel if it is able to demonstrate compliance with the minimum bid price requirement by December 1, 2025.

Statistics:

  • The company has 180 days, until December 1, 2025, to regain compliance with the minimum bid price requirement.
  • The company's common stock has been trading on the Nasdaq Capital Market since May 30, 2025.
  • The company's closing bid price must be at least $1.00 per share for a minimum of 10 consecutive business days to regain compliance with the minimum bid price requirement.
  • The company has announced its intention to consider a reverse stock split, if necessary, to cure the bid price deficiency.

Sources:

  • Talphera, Inc.'s FORM 8-K filing with the U.S. Securities and Exchange Commission on June 5, 2025.
  • Nasdaq Listing Rule 5550(a)(2).
  • Nasdaq Listing Rule 5810(c)(3)(A).
  • Quarterly Report on Form 10-Q filed by Talphera, Inc. with the SEC on May 14, 2025.

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