InMed receives Nasdaq notice over equity requirement

Fusemachines Inc., a Nasdaq-listed company symbolized as FUSE, received a letter from the Nasdaq Listing Qualifications Department notifying them of non-compliance with Rule 5450(a)(1). This rule mandates a minimum bid price of $1.00 per share for the company to remain listed on the Nasdaq Global Market. The violation was due to the closing bid price of Fusemachines’ common stock staying below $1.00 for at least 30 consecutive business days.

Despite this, the company’s listing remains fully effective and the notification does not immediately impact stock trading. The company has 180 days, or until March 17, 2027, to regain compliance. To achieve this, Fusemachines’ stock must close at or above $1.00 per share for at least 10 consecutive business days within this period.

Nasdaq may require the price to stay above $1.00 for up to 20 consecutive business days before confirming compliance. If Fusemachines fails to regain compliance by the deadline, they may be eligible for an additional 180-day compliance period, provided they meet all other initial listing standards for the Nasdaq Capital Market, excluding the minimum bid price requirement.