Biotech company Citius Pharmaceuticals (CTXR) received formal notice from Nasdaq on August 17, 2026 that its deadline to fix its stock price problem has been extended to February 8, 2027. The company's share price has been trading below $1.00, which falls short of Nasdaq's minimum requirement for staying listed on the Nasdaq Capital Market, and this extension buys it roughly six more months to turn things around. If the stock closes at $1.00 or higher for ten consecutive business days before the deadline, the issue is resolved; if not, Nasdaq can begin delisting proceedings, though the company could appeal to a hearings panel.
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