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Gelteq Limited ( (GELS) ) has provided an update.
On March 18, 2026, Gelteq Limited received notice from Nasdaq that its ordinary shares had closed below the $1.00 minimum bid price for 30 consecutive business days, putting the company out of compliance with Nasdaq Listing Rule 5550(a)(2). The notification does not immediately affect the listing, and Gelteq’s shares continue to trade uninterrupted on the Nasdaq Capital Market under the symbol “GELS.”
Gelteq now has until September 14, 2026, a 180-day compliance window, to restore its share price to at least $1.00 for a minimum of 10 consecutive business days to regain compliance. If it fails to do so, the company may seek an additional 180-day grace period, provided it meets other Nasdaq listing standards and signals its intention to remedy the deficiency, potentially including a reverse stock split, highlighting mounting pressure to stabilize its share price and preserve its U.S. listing.
More about Gelteq Limited
Gelteq Limited is an Australia-based foreign private issuer whose ordinary shares trade on the Nasdaq Capital Market under the ticker “GELS.” The company is subject to U.S. securities regulation as a Form 20-F filer, positioning it among smaller international issuers that rely on Nasdaq for access to U.S. capital markets and investor visibility.
Average Trading Volume: 1,040,641
Technical Sentiment Signal: Sell
Current Market Cap: $7.61M
For detailed information about GELS stock, go to TipRanks’ Stock Analysis page.