Nasdaq Sends Delisting Notice to Gaxos.ai Over Minimum Bid Price Deficiency
GXAI is trading near its 52-week low of $0.513 (3.4% above the low) on light trading volume (0.1× avg).
Summary
Gaxos.ai received a formal Nasdaq delisting notice for failing to maintain a $1.00 minimum bid price. The company has until March 29, 2027, to regain compliance, and may pursue a reverse stock split.
Key Events · Legal and Risk Events · GXAI
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Nasdaq Delisting Notice Received
Nasdaq notified Gaxos.ai on September 28, 2026, that the company is not in compliance with the $1.00 minimum bid price requirement under Listing Rule 5550(a)(2), based on closing prices from August 14 to September 25, 2026.
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Compliance Deadline Set
The company has 180 calendar days, until March 29, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.
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Reverse Split Likely
The company stated it may implement a reverse stock split to regain compliance, following shareholder approval of a reverse split in August 2026 to address the same delisting risk.
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Second Compliance Period Possible
If the company fails to regain compliance by March 29, 2027, it may be eligible for an additional 180-day period if it meets Nasdaq Capital Market continued listing requirements and notifies Nasdaq in writing.
Analysis · GXAI · Technology
On September 28, 2026, Nasdaq formally notified Gaxos.ai that its stock has failed to maintain the $1.00 minimum bid price for 30 consecutive business days. The company now has until March 29, 2027, to regain compliance by closing at or above $1.00 for 10 consecutive business days. This formalizes the delisting risk that shareholders anticipated when they approved a reverse stock split in August. With the stock currently trading at $0.53, well below the $1.00 threshold, a reverse split or sustained price recovery is now necessary to avoid delisting. The company has stated it may implement a reverse stock split to cure the deficiency.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 35.7% of the 1024 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GXAI was trading at $0.53 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.9M. The 52-week trading range was $0.51 to $2.63. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.