FEMASYS INC - Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Femasys Inc. (Nasdaq: FEMY) on May 19, 2025. The company is incorporated in Delaware and operates as an emerging growth company. The report addresses a regulatory notice received from The Nasdaq Stock Market LLC regarding continued listing standards.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. However, it discloses that the company failed to meet Nasdaq's alternative continued listing standards, specifically:
- Stockholders' equity was below the required $2.5 million.
- Net income was below the required $500,000 for the most recently completed fiscal year and for two of the three most recently completed fiscal years.
Additionally, the Market Value of Listed Securities (MVLS) has been below the minimum $35.0 million requirement for the last 30 consecutive business days.
Material Changes
The primary material event is the receipt of a Nasdaq deficiency notice on May 19, 2025. The company's common stock remains listed on the Nasdaq Capital Market under the symbol "FEMY" with no immediate effect on trading status. The deficiency is based on sustained low market value and failure to meet equity or net income thresholds.
Outlook, Risks, and Contingencies
The company has been granted an 180-calendar day compliance period, ending November 17, 2025, to regain compliance with the Minimum MVLS Requirement. To achieve this, the MVLS must close at $35.0 million or more for a minimum of 10 consecutive business days before the deadline. If compliance is not achieved by November 17, 2025, the stock will be subject to delisting, at which point the company may appeal to a Nasdaq hearings panel. Management stated there can be no assurance that compliance will be regained or maintained.
Key Facts for Investor Verification
- Compliance deadline is November 17, 2025.
- Current MVLS is below $35.0 million.
- Stockholders' equity is below $2.5 million.
- Net income requirements were not met in the most recent fiscal year or two of the last three fiscal years.
- Trading continues on Nasdaq under symbol FEMY pending the compliance period outcome.