Equillium Inc. has announced a regulatory issue concerning its compliance with Nasdaq's Listing Rule 5550(a)(2). The company received a notice from Nasdaq indicating that its common stock had fallen below the minimum bid price of $1.00 per share for 30 consecutive business days, failing to meet the Minimum Bid Price Requirement. Initially given until June 11, 2025, to rectify this, the company has now been granted an additional 180 days, until December 8, 2025, to regain compliance. Equillium is actively monitoring its stock price and considering measures such as a reverse stock split to address the issue. The company's stock remains listed on the Nasdaq Capital Market under the symbol "EQ" for the time being.
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