Business Context and Reporting Period
CalciMedica, Inc. (CALC) filed a Form 8-K on March 13, 2026, reporting receipt of non-compliance notices from The Nasdaq Stock Market LLC. The company is incorporated in Delaware and trades on the Nasdaq Capital Market.
Key Financial Metrics and Listing Status
The filing does not provide specific revenue, profit, cash flow, or debt figures. Instead, it details two critical listing deficiencies:
- Market Value of Listed Securities (MVLS): The company failed to maintain the minimum requirement of $35,000,000 for 30 consecutive business days ending March 13, 2026.
- Minimum Bid Price: The stock price remained below $1.00 per share for 30 consecutive business days ending March 16, 2026.
Material Changes and Compliance Deadlines
The company faces two separate 180-day compliance periods to avoid potential delisting:
- MVLS Compliance: Deadline is September 9, 2026. To regain compliance, the MVLS must close at or above $35,000,000 for 10 consecutive business days, or the company must meet alternative standards (e.g., $2.5 million stockholders' equity or $500,000 net income).
- Minimum Bid Price Compliance: Deadline is September 14, 2026. The stock must trade at or above $1.00 per share for 10 consecutive business days. A second 180-day period may be available if other listing standards are met.
Outlook, Risks, and Management Commentary
Management states that the notices have no immediate effect on trading, and the stock continues to trade under the symbol "CALC." The company intends to monitor requirements and consider options such as a reverse stock split to regain compliance. However, the filing explicitly states there can be no assurance that the company will successfully regain compliance or maintain its listing status.
Investor Verification Checklist
- Verify the current market capitalization and whether it has approached the $35,000,000 threshold.
- Monitor the daily closing stock price to track progress toward the $1.00 minimum bid price.
- Review upcoming financial reports to determine if the company meets the alternative equity or net income standards for continued listing.
- Watch for announcements regarding a potential reverse stock split or other capital structure changes.