Business Context and Reporting Period
Company: Biocardia, Inc. (BCDA)
Filing Type: Form 8-K (Current Report)
Date of Report: September 21, 2026
Reporting Period: Event date September 21, 2026
This filing addresses the Company's compliance status with The Nasdaq Stock Market, LLC listing requirements regarding the minimum bid price of its common stock.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on regulatory compliance status.
Material Changes
- Regulatory Status Change: On August 19, 2026, the Company received notice of non-compliance with Nasdaq Listing Rule 5550(a)(2) due to a closing bid price below $1.00 per share for 30 consecutive business days.
- Resolution: On September 21, 2026, Nasdaq notified the Company that it had regained compliance after maintaining a closing bid price of $1.00 per share or greater for at least 10 consecutive business days.
- Outcome: The matter regarding the Minimum Bid Price Requirement is now closed.
Guidance, Outlook, and Risks
- Outlook: While compliance has been regained, the Company states there can be no assurance that it will be able to maintain compliance with the Minimum Bid Price Requirement in the future.
- Trading Status: The notification has no effect on current trading; the stock continues to trade on The Nasdaq Capital Market under the symbol "BCDA."
- Forward-Looking Statements: The report includes forward-looking statements regarding intentions and expectations for maintaining listing standards. Actual results may differ materially due to risks described in the Company's Form 10-K filed on March 24, 2026, and subsequent Form 10-Q filings.
Investor Verification Checklist
- Verify the current trading price of BCDA to ensure it remains above the $1.00 threshold to avoid future delisting notices.
- Review the Company's most recent Form 10-K (filed March 24, 2026) and Form 10-Q filings for detailed financial health and operational risks.
- Monitor future Nasdaq communications for any new compliance warnings regarding the Minimum Bid Price Requirement.