TOMI Environmental Solutions reported that holders of convertible notes with an aggregate principal amount of $2,475,000 converted their debt into 1,649,989 shares of common stock as of September 1, 2026. This conversion increased the company's shareholders' equity to approximately $3.8 million, exceeding the $2.5 million minimum requirement under Nasdaq Listing Rule 5550(b)(1). While this move addresses a potential compliance issue regarding net tangible assets or stockholders' equity, the filing notes that there are no assurances the Nasdaq Hearings Panel will deem the company to have regained full listing compliance. TOMI Environmental Solutions operates in the environmental remediation industry, providing services for soil and groundwater cleanup.
