On October 20, 2026, SenesTech, Inc. received a notification from The Nasdaq Stock Market LLC stating that the closing bid price of its common stock has been below $1.00 per share for 30 consecutive business days. As a result, the company no longer meets the minimum bid price requirement for continued listing under Nasdaq Listing Rule 5550(a)(2).
The notification does not immediately affect the listing of the company's common stock, which will continue to trade on the Nasdaq Capital Market under the symbol "SNES." Under Nasdaq Listing Rule 5810(c)(3)(A), SenesTech has an initial compliance period of 180 calendar days, or until April 19, 2027, to regain compliance. To meet this requirement, the closing bid price must be $1.00 or more for a minimum of 10 consecutive business days at any point before the deadline.
Should the company fail to regain compliance by April 19, 2027, it may be eligible for an additional 180-day compliance period. To qualify for this extension, the company would need to meet all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement, and provide written notice of its intention to cure the deficiency.
In its press release accompanying the filing, SenesTech highlighted that its preliminary third-quarter revenue was approximately $1.1 million, representing the highest revenue in the company's history. This figure marked a 40% increase from the second quarter of 2026 and a 55% increase from the third quarter of 2025. The company noted that it intends to actively monitor the bid price of its common stock and consider options to achieve compliance with Nasdaq listing rules.
