60 Degrees Pharmaceuticals Regains Nasdaq Compliance, Averting Delisting
SXTP has more than doubled off its 52-week low of $1.36.
Summary
60 Degrees Pharmaceuticals announced it has regained compliance with Nasdaq's minimum bid price rule, leading to the cancellation of its delisting hearing and ensuring its continued listing on The Nasdaq Capital Market.
Key Events · Corporate Governance and Compliance · SXTP
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Regains Nasdaq Compliance
The company was notified on February 11, 2026, that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share.
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Delisting Hearing Cancelled
As a result of regaining compliance, the delisting hearing before the Nasdaq Hearings Panel, previously scheduled for February 19, 2026, has been cancelled, and the matter is now closed.
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Continued Nasdaq Listing
The company's common stock and warrants will continue to be listed and traded on The Nasdaq Capital Market, reversing the prior delisting determination from January 23, 2026.
Analysis · SXTP · Life Sciences
This filing is highly significant as it announces that 60 Degrees Pharmaceuticals has successfully regained compliance with Nasdaq's minimum bid price requirement, thereby avoiding delisting. This positive development directly reverses the critical delisting notice received on January 23, 2026, which had posed an immediate threat to the company's stock exchange listing. The cancellation of the scheduled delisting hearing removes a major overhang and provides stability for the company, especially following its recent 1-for-4 reverse stock split on January 21, 2026, which was likely implemented to help achieve this compliance. Maintaining a Nasdaq listing is crucial for investor confidence and access to capital markets for a company of this size.
At the time of this filing, SXTP was trading at $3.75 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $4.2M. The 52-week trading range was $1.36 to $17.68. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.