6-K - Gelteq Limited Ordinary Shares | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Gelteq Limited received a Nasdaq notification letter on March 18, 2026, stating that its ordinary shares closed below $1.00 for 30 consecutive business days, failing Nasdaq Listing Rule 5550(a)(2). The company has 180 calendar days until September 14, 2026, to regain compliance by achieving a $1.00 closing bid price for 10 consecutive business days, with trading continuing uninterrupted under 'GELS'.

Key Takeaways

1Nasdaq notice received March 18, 2026, for bid price below $1.00 over 30 consecutive business days

2Non-compliance with Nasdaq Listing Rule 5550(a)(2)

3180-day compliance period ends September 14, 2026

4Compliance requires $1.00 closing bid for 10 consecutive business days

5Potential additional 180-day grace period if other listing standards met, possibly via reverse stock split

6No immediate delisting; shares trade under 'GELS'

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$1.00$1.00

Exhibits (1)

6-K

REPORT OF FOREIGN PRIVATE ISSUER