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Nasdaq notifies Iridex of non-compliance with the $1.00 minimum bid price requirement
IRIXIridex Corp
On August 27, 2026, Iridex Corporation received a notification of non-compliance from Nasdaq regarding the Minimum Bid Price Requirement. The company's common stock closed below $1.00 per share for 30 consecutive business days. Iridex has until February 23, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. Failure to comply may result in delisting proceedings and potential reverse stock splits. The company operates in the medical device industry, specifically developing laser-based surgical systems.