Gaxos.ai Inc. — Form 8-K Summary
Business context and reporting period
The company reported on September 28, 2026 that Nasdaq notified it of noncompliance with the minimum bid-price requirement for continued listing on the Nasdaq Capital Market. The 8-K was signed October 1, 2026.
Financial and operating metrics
This filing does not report revenue, profit, cash flow, margins, debt, liquidity, or other financial results.
Material change and listing status
Nasdaq determined that GXAI’s closing bid price failed to meet the $1.00-per-share minimum for 30 consecutive business days, based on the period from August 14 through September 25, 2026. The notice has no immediate effect on trading; the common stock continues to trade on the Nasdaq Capital Market under ticker GXAI.
Outlook, risks, and potential actions
The company has until March 29, 2027, a 180-calendar-day compliance period, to regain compliance by maintaining a closing bid price of at least $1.00 for at least 10 consecutive business days. Nasdaq may grant a further 180 days if the company meets other applicable continued-listing requirements and timely notifies Nasdaq of its intent to cure the deficiency. If the company does not qualify for or complete an additional period, Nasdaq may determine to delist the stock; the company would have an opportunity to appeal to a Hearings Panel.
The company intends to monitor its bid price and may consider available measures, including a reverse stock split. No specific action or outcome is assured.
Key facts for investors to verify
- Whether GXAI regains the $1.00 minimum bid price for 10 consecutive business days by March 29, 2027.
- Whether Nasdaq grants an additional compliance period and whether the company satisfies its conditions.
- Whether the company announces a reverse stock split or another compliance measure.
- Any subsequent Nasdaq delisting determination or appeal proceedings.