Announcement • 2h
Genprex, Inc. Receives Exception from Nasdaq Panel to Regain Compliance with Bid Price Requirement
On July 29, 2026, the Nasdaq Hearings Panel (the Panel) notified Genprex, Inc. (the Company or Genprex) that it has granted the Company's request to continue the Company's listing on The Nasdaq Capital Market (Nasdaq) and grant an exception (the Exception) to demonstrate compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the Bid Price Requirement), including imposing a discretionary Panel Monitor upon the Company regaining compliance. Under the terms of the Exception, the Panel granted the Company's request for continued listing on Nasdaq, subject to the following: (i) on or before July 29, 2026, the Company shall demonstrate compliance with the Bid Price Requirement; (ii) thereafter, until December 7, 2026, which represents the full extent of the Panel's discretion in this matter with respect to the Bid Price Requirement, the Company must maintain a closing bid price at or above $1.00 for each trading day; and (iii) the Panel will maintain jurisdiction over the Company until December 7, 2026. In the event the Company becomes non-compliant with any other listing rule during the term of the Exception, the Exception provides a mechanism for the Company to advise the Panel on its plan to cure the deficiency, with the Panel, at that time, to determine whether to grant the Company an exception to cure the deficiency or delist the Company. Pursuant to the Exception, the Company is required to, and fully intends to, provide the Panel with prompt notification of any significant events that occur that may affect the Company's compliance with Nasdaq requirements, including any event that may call into question the Company's ability to meet the terms of the Exception. The Panel has reserved the right to reconsider the terms of the Exception based on any event, condition or circumstance that exists or develops that would, in the Panel's opinion, make continued listing of the Company's securities on Nasdaq inadvisable or unwarranted. There can be no assurance that the Company will be able to satisfy the terms of the Exception, or that the Company will be able to maintain compliance with the Bid Price Requirement or the other Nasdaq continued listing requirements for the duration of the Exception or for any future time period. The Exception granted by the Panel was in connection with the previously-disclosed Bid Price Requirement matter initiated pursuant to the June 10, 2026 Nasdaq letter indicating that, based upon the Company's lack of compliance with the with the Bid Price Requirement and the Company's ineligibility for a 180 calendar day compliance period, the Listing Qualifications Staff of Nasdaq (the Staff) had determined to delist the Company's securities from Nasdaq unless the Company timely requested a hearing before the Panel. The Company did so timely request a hearing before the Panel, which was held on July 21, 2026. Following the Panel hearing, the Panel granted the Exception for continued listing as described above. The Company is including the below update to its risk factors, for the purpose of supplementing and updating the Risk Factors disclosure contained in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on March 30, 2026, the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026, filed with the Securities and Exchange Commission on May 13, 2026, as further supplemented and updated in the Company's other periodic and current reports filed from time to time since such Annual Report on Form 10-K. Our common stock is currently listed on The Nasdaq Capital Market. If we fail to regain compliance and/or maintain compliance with the continued listing requirements of Nasdaq, our common stock may be delisted and the price of our common stock and our ability to access the capital markets could be negatively impacted. Our common stock is currently listed for trading on Nasdaq. On June 10, 2026, we received a letter from Nasdaq indicating that, based upon our lack of compliance with the with the requirement under Nasdaq Listing Rule 5550(a)(2) to maintain a minimum bid price of $1.00 per share for continued listing on Nasdaq (the Bid Price Requirement) and our ineligibility for a 180 calendar day compliance period, the Listing Qualifications Staff of Nasdaq (the Staff) had determined to delist our securities from Nasdaq unless we timely requested a hearing before a Nasdaq Hearings Panel (the Panel). Accordingly, we did so request a hearing before the Panel (which request stayed any suspension or delisting action by the Staff), and the Panel hearing was held on July 21, 2026. At the Panel hearing, we requested an extension within which to demonstrate compliance with the Bid Price Requirement, and on July 29, 2026, the Panel granted our request for an exception to demonstrate compliance with the Bid Price Requirement (the Exception), which is subject to the following terms: (i) on or before July 29, 2026, the Company shall demonstrate compliance with the Bid Price Requirement; (ii) thereafter, until December 7, 2026, which represents the full extent of the Panel's discretion in this matter with respect to the Bid Price Requirement, the Company must maintain a closing bid price at or above $1.00 for each trading day; and (iii) the Panel will maintain jurisdiction over the Company until December 7, 2026. In the event the Company becomes non-compliant with any other listing rule during the term of the Exception, the Exception provides a mechanism for the Company to advise the Panel on its plan to cure the deficiency, with the Panel, at that time, to determine whether to grant the Company an exception to cure the deficiency or delist the Company. Pursuant to the Exception, we are required to, and fully intend to, provide the Panel with prompt notification of any significant events that occur that may affect our compliance with Nasdaq requirements, including any event that may call into question our ability to meet the terms of the Exception. The Panel has reserved the right to reconsider the terms of the Exception based on any event, condition or circumstance that exists or develops that would, in the Panel's opinion, make continued listing of our securities on Nasdaq inadvisable or unwarranted. There can be no assurance that we will be able to satisfy the terms of the Exception, or that we will be able to demonstrate or maintain compliance with the Bid Price Requirement or the other Nasdaq continued listing requirements for the duration of the Exception or for any future time period.