Tempest Therapeutics Receives Nasdaq Non-Compliance Notice for Delayed Annual Meeting, Plans to Regain Compliance by January 27

summarizeSummary

Tempest Therapeutics received a Nasdaq non-compliance notice for not holding its annual meeting, but has a meeting scheduled for January 27, 2026, which is expected to resolve the issue.

check_boxKey Events

• Nasdaq Non-Compliance Notice Received

  On January 8, 2026, Tempest Therapeutics received a letter from Nasdaq's Listing Qualifications Department indicating non-compliance with Listing Rules 5620(a) and 5810(c)(2)(G).

• Reason for Non-Compliance

  The non-compliance stems from the company's failure to hold an annual meeting of stockholders within twelve months of its fiscal year end of December 31, 2024.

• Path to Regain Compliance

  The company has 45 calendar days (until February 23, 2026) to regain compliance or submit a plan. Tempest Therapeutics has already scheduled its 2025 Annual Meeting for January 27, 2026, and expects to regain compliance upon holding it.

auto_awesomeAnalysis

Tempest Therapeutics received a notice from Nasdaq regarding its failure to hold an annual meeting within the required timeframe. While such notices are serious and can lead to delisting, the company has already scheduled its 2025 Annual Meeting for January 27, 2026. Upon holding this meeting, Tempest Therapeutics expects to regain compliance with Nasdaq's listing requirements. Investors should monitor the successful execution of the annual meeting to confirm the resolution of this compliance issue.