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Nasdaq issues Staff Delisting Determination for failing to meet $1.00 minimum bid price requirement
HCTIHealthcare Triangle, Inc.
On October 1, 2026, Healthcare Triangle, Inc. received a Staff Delisting Determination from Nasdaq for failing to meet the $1.00 minimum bid price requirement under Listing Rule 5550(a)(2). The company is ineligible for a standard compliance period because it executed reverse stock splits over the prior two years with a cumulative ratio of 1-for-14,940 (specifically 1-for-249 on August 1, 2025, and 1-for-60 on February 10, 2026). Unless an appeal to the Nasdaq Hearings Panel is filed by October 8, 2026, trading will be suspended on October 12, 2026. The company intends to request a hearing and present a compliance plan that may include another reverse split. Healthcare Triangle, Inc. operates in the healthcare sector, providing medical staffing and related services.