XTL Biopharmaceuticals notified of non-compliance with Nasdaq equity listing requirements, with 45 days to submit a compliance plan.
Quiver AI Summary
XTL Biopharmaceuticals Ltd. announced that it received a notification from Nasdaq indicating that it does not meet the continued listing requirement of maintaining a minimum of $2,500,000 in stockholders’ equity. This determination was based on the company’s reported stockholders’ equity deficit of $47,000 as of June 30, 2025, and its failure to meet alternative compliance criteria. The notification does not result in immediate delisting, and XTL's American Depositary Shares will continue to trade. The company has 45 days to submit a plan to regain compliance, with the possibility of a 180-day extension if the plan is accepted. XTL is actively evaluating options to meet Nasdaq’s requirements but cannot guarantee compliance.
Potential Positives
- The Company retains the ability to continue trading its American Depositary Shares (ADSs) on Nasdaq despite receiving a notification regarding non-compliance.
- XTL Biopharmaceuticals has a defined timeline of 45 days to submit a compliance plan, showing proactive steps to address the notification from Nasdaq.
- Potential extension of up to 180 days to regain compliance provides the Company with additional time and opportunity to meet the listing requirements.
Potential Negatives
- The company has received a notification from Nasdaq indicating non-compliance with continued listing requirements, which poses a risk to its status on the stock market.
- XTL Biopharmaceuticals reported a stockholders' equity deficit of $47,000, raising concerns about its financial health and stability.
- There is no assurance that the company will be able to regain compliance with Nasdaq's requirements, indicating uncertainty in its future operations and potential market perception issues.
FAQ
What notification did XTL Biopharmaceuticals receive from Nasdaq?
XTL received a notification that it does not meet the continued listing requirement of $2,500,000 in stockholders’ equity.
Are XTL's shares being delisted from Nasdaq?
No, XTL's American Depositary Shares will continue to trade uninterrupted under the symbol “XTLB.”
What is XTL's plan to regain compliance with Nasdaq?
XTL has 45 days to submit a plan to regain compliance, aiming to address the stockholders’ equity deficit.
How long could an extension for compliance last?
If accepted, Nasdaq may grant an extension of up to 180 calendar days to demonstrate compliance.
What is XTL's focus as a biopharmaceutical company?
XTL focuses on expanding its therapeutic portfolio through strategic collaborations and acquisitions, particularly in high-value disease areas.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$XTLB Hedge Fund Activity
We have seen 1 institutional investors add shares of $XTLB stock to their portfolio, and 2 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GAMMA INVESTING LLC added 12,887 shares (+inf%) to their portfolio in Q4 2025, for an estimated $7,474
- MORGAN STANLEY removed 1,000 shares (-9.1%) from their portfolio in Q3 2025, for an estimated $1,170
- UBS GROUP AG removed 573 shares (-42.9%) from their portfolio in Q3 2025, for an estimated $670
- RHUMBLINE ADVISERS added 0 shares (+0.0%) to their portfolio in Q3 2025, for an estimated $0
- NOKED ISRAEL LTD added 0 shares (+0.0%) to their portfolio in Q3 2025, for an estimated $0
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
RAMAT GAN, ISRAEL, Jan. 23, 2026 (GLOBE NEWSWIRE) -- XTL Biopharmaceuticals Ltd. (Nasdaq:XTLB) (TASE:XTLB.TA) (the “ Company ” or “ XTL ”), announced today that it has received a notification letter from The Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”), dated January 20, 2026, notifying the Company that the Company currently does not meet the continued listing requirement of Nasdaq, under Nasdaq Listing Rules 5550(b)(1), to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. This Nasdaq determination was based on (i) the Company’s Form 6-K, dated December 30, 2025, that included financial information for the period ended June 30, 2025, and which reported stockholders’ equity deficit of $47,000, and (ii) that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations as of January 20, 2026.
The Nasdaq notification letter does not result in the immediate delisting of the Company’s American Depositary Shares (“ ADSs ”), and the ADSs will continue to trade uninterrupted under the symbol “XTLB”. In accordance with the Nasdaq Listing Rules, the Company has 45 calendar days, or until March 6, 2026, to submit a plan to regain compliance. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from receipt of the Notification Letter to evidence compliance.
XTL is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirements. Although XTL will use all reasonable efforts to achieve compliance with Rule 5550(b)(1), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirements.
About XTL Biopharmaceuticals Ltd.
XTL is an IP Portfolio company that holds 100% of The Social Proxy Ltd. and IP portfolio including hCDR1 for Lupus (SLE) and Sjögren's Syndrome (SS) that the company sublicensed. The company actively pursues strategic collaborations and acquisitions to expand its therapeutic portfolio into high-value disease areas.
XTL trades on Nasdaq Capital Market (NASDAQ: XTLB) and Tel Aviv Stock Exchange (TASE: XTLB.TA).
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained in this communication that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to (i) whether to the Company will be able to receive sub-licensing fees relating to its Hcdr1 intellectual property, (ii) the Company’s ability to successfully manage and integrate The Social Proxy and any other joint ventures, acquisitions of businesses, solutions or technologies; (iii) unanticipated operating costs, transaction costs and actual or contingent liabilities; (iv) the ability to attract and retain qualified employees and key personnel; (v) adverse effects of increased competition on the Company’s future business; (vi) the Company’s ability to protect its intellectual property; (vii) the Company’s ability to successfully consummate the acquisition of 85% of the outstanding shares of NeuroNOS Ltd. pursuant to the letter of intent signed by it and Beyond Air, Inc., and, if consummated, to successfully manage and integrate NeuroNos Ltd.; and (viii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 20-F and current reports on Form 6-K filed by the Company with the Securities and Exchange Commission. The Company anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. The Company assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing the Company’s plans and expectations as of any subsequent date.
For further information, please contact:
Investor Relations, XTL Biopharmaceuticals Ltd.
Tel: +972 3 611 6666
Email:
[email protected]
www.xtlbio.com