OSR Health Provides Shareholder Update Following Nasdaq Panel Decision
Nasdaq's Hearings Panel determined on October 23, 2026 to delist OSR Health for failure to maintain the $1.00 minimum bid price; shares have traded OTC since Nasdaq suspended trading on August 26. Management chose not to pursue a reverse split during the compliance process and is now evaluating options to regain a national exchange listing, with a further update promised on or before November 6. The company's $15 million equity put option from BCM Europe AG for VXM01 remains in place and, as amended October 15, can be settled via convertible notes at fixed conversion prices of roughly $2.00-$5.00 per share.
Key figures
- Panel decision date
- 2026-10-23
- Next update deadline
- 2026-11-06
- Equity put option usd
- 15000000
- Conversion price range
- $2.00-$5.00 per share
- Nasdaq suspension date
- 2026-08-26
- Min bid price requirement usd
- 1
- Convertible note settlement usd
- 15000000
AI analysis
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