Business Context and Reporting Period
Synergy CHC Corp. (SNYR), a Nevada corporation listed on The Nasdaq Capital Market, filed this Form 8-K on May 15, 2026. The report addresses a regulatory notice received from Nasdaq regarding the Company's compliance with listing standards.
Key Financial Metrics
This filing does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a listing status notification.
Material Changes
The material change reported is the receipt of a written notice from Nasdaq indicating that the Company's common stock failed to meet the minimum bid price requirement for continued listing. Specifically, the closing bid price remained below $1.00 per share for 30 consecutive business days ending May 15, 2026.
Outlook, Risks, and Management Commentary
- Compliance Period: The Company has been granted an initial 180-day compliance period to regain compliance, ending November 11, 2026.
- Requirements: To maintain listing, the closing bid price must be at least $1.00 per share for a minimum of 10 consecutive business days prior to the November 11, 2026 deadline.
- Extension Options: If compliance is not met by the initial deadline, the Company may be eligible for an additional 180-day period, contingent on meeting other listing standards (e.g., market value of publicly held shares) and potentially effecting a reverse stock split.
- Risks: Management states there is no assurance that the Company will regain compliance. Failure to do so within the compliance periods could result in delisting.
- Immediate Impact: The notice has no immediate effect on the listing of the Company's stock.
Investor Verification Checklist
- Verify the current closing bid price of SNYR stock to assess the gap from the $1.00 threshold.
- Monitor the Company's stock price trajectory over the next 10 consecutive business days to determine if the initial compliance window is viable.
- Review future filings for announcements regarding a potential reverse stock split or other capital structure changes intended to cure the deficiency.
- Check for any subsequent communications from Nasdaq regarding the status of the compliance period.