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XORTX Therapeutics has 180 days to regain Nasdaq’s $1 minimum share price rule or face delisting.
XORTX Therapeutics received a Nasdaq notification on October 20, 2025, stating its shares are no longer compliant with the $1.00 minimum bid price requirement after closing below that threshold for 30 consecutive business days.
The company has been granted an 180-day extension, now until April 13, 2026, to regain compliance.
If the share price reaches $1.00 or more for 10 consecutive business days during this period, Nasdaq will confirm compliance.
Failure to meet the requirement may lead to delisting, though an appeal to a Nasdaq Hearings Panel could delay that outcome.
The company remains listed on the TSX Venture Exchange.
XORTX is developing therapies for kidney-related conditions and plans to explore all options to resolve the deficiency.
XORTX Therapeutics tiene 180 días para recuperar la regla de precio mínimo de acciones de 1 dólar de Nasdaq o se enfrentará a la eliminación de la lista.