GELS · Gelteq Limited Ordinary Shares

Summary

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

• Nasdaq notice received March 18, 2026, for bid price below $1.00 over 30 consecutive business days
• Non-compliance with Nasdaq Listing Rule 5550(a)(2)
• 180-day compliance period ends September 14, 2026
• Compliance requires $1.00 closing bid for 10 consecutive business days
• Potential additional 180-day grace period if other listing standards met, possibly via reverse stock split
• No immediate delisting; shares trade under 'GELS'