CaliberCos Inc. (NASDAQ: CWD) announced on November 18 2025 that it had regained compliance with Nasdaq’s minimum stockholders’ equity requirement of $2.5 million under Listing Rule 5550(b)(1). The company had received a notification from Nasdaq’s Listing Qualifications Department on November 17 2025, and the November 18 announcement confirmed that the matter was now closed.
As of September 30 2025, CaliberCos reported stockholders’ equity of $6.087 million, more than double the regulatory threshold. The company had previously fallen below the requirement, with a stockholders’ equity of –$17.604 million as of June 30 2025, and received a deficiency notice on August 27 2025. The turnaround was driven by a debt‑to‑equity conversion program launched in October 2025, an equity infusion of over $30 million in the third quarter, and the establishment of a Digital Asset Treasury anchored in Chainlink (LINK) tokens, all of which strengthened the balance sheet.
CEO Chris Loeffler said the company’s improved financial position reflects a focused effort to build long‑term shareholder value. He noted that the equity infusion and debt‑to‑equity conversions were key to restoring the required equity base and that the Digital Asset Treasury strategy has begun to contribute to the company’s capital strength.
Regaining compliance removes the immediate risk of Nasdaq delisting and signals to investors that CaliberCos can continue trading on the Nasdaq Capital Market. However, the company still faces significant challenges: revenue declined to $3.5 million in Q3 2025 from $7.4 million year‑over‑year, and the firm reported a net loss of $4.37 million for the quarter. Management has set a goal of achieving platform adjusted EBITDA profitability in the second half of 2025 and profitability in 2026, indicating that the company is still working to turn around its operating performance.
CaliberCos has a history of navigating Nasdaq compliance issues, having regained compliance with the minimum bid‑price rule in May 2025. The company’s strategic initiatives—debt‑to‑equity conversions, equity infusions, and the Digital Asset Treasury—are designed to reduce leverage, improve liquidity, and position the firm for sustainable growth in its real‑estate and digital‑asset management businesses.
The announcement underscores a critical milestone for CaliberCos, but it also highlights the broader context of a company that is still rebuilding its financial foundation while pursuing profitability and market expansion.
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