SenesTech Receives Nasdaq Minimum Bid Price Notification and Highlights Record Third Quarter Revenue
Key Highlights
- ➤Nasdaq minimum bid breach gives SenesTech until April 19, 2027, to regain compliance
- ➤Preliminary Q3 revenue approximately $1.1 million, up 40% sequentially
- ➤Preliminary Q3 revenue rose 55% from the third quarter of 2025
- ➤Glenbrook Capital Management reported a 38% ownership position
- ➤SenesTech evaluating financing alternatives amid liquidity and dilution concerns
Expert Statements
Michael Edell, President and Chief Executive Officer of SenesTech
“We take the Nasdaq notification seriously, and we intend to use the compliance period to keep demonstrating the progress we are making in the business.”
Michael Edell, President and Chief Executive Officer of SenesTech
“Our preliminary third quarter revenue of approximately $1.1 million was the highest in the Company’s history, up 40% from the second quarter and 55% from the third quarter of 2025.”
Michael Edell, President and Chief Executive Officer of SenesTech
“We believe that continued execution, together with broader investor awareness of our progress, can create opportunities for our share price to better reflect the value we see in the business.”
SURPRISE, Ariz., Oct. 22, 2026 (GLOBE NEWSWIRE) -- SenesTech, Inc. (NASDAQ: SNES), the leader in rodent birth control and sustainable rodent population management, today announced that, on Oct. 20, 2026, it received a letter from the listing qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price of its common stock had been below $1.00 per share for 30 consecutive business days. As a result, the Company does not currently meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).
The notification has no immediate effect on the listing of SenesTech’s common stock, which will continue to trade on the Nasdaq Capital Market under the symbol “SNES.” Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until April 19, 2027, to regain compliance.
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