Iridex Corporation announced that it received formal notification from Nasdaq Stock Market LLC confirming its compliance with continued listing requirements. This resolves a previous notification of non-compliance issued on May 14, 2025.
The initial non-compliance notification was based on the company's quarterly report on Form 10-Q for the period ended March 29, 2025, related to Nasdaq Listing Rule 5550(b). The company was required to meet the minimum stockholders’ equity requirement.
Iridex regained compliance on August 27, 2025, by satisfying the minimum stockholders’ equity requirement of $2,500,000. This was evidenced by its quarterly report on Form 10-Q for the period ended June 28, 2025, filed with the SEC on August 12, 2025, and the matter is now closed.
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