Sell ELTP by Nov 19, 2026.

Putting it simply - To relist on the Nasdaq, a company must meet a minimum bid price requirement of $4.00 (or sometimes 2-3 under specific net income/equity criteria that doesnt apply here) With ⁠ELTP⁠ trading around $0.30–$0.35, the only viable way to achieve uplisting by February is a 1-for-10 or 15 reverse stock split. In other words, they've diluted the stock so much that they need to reverse split and then dilute it even more to keep this company afloat. …