Caliber regains Nasdaq compliance with share price

SCOTTSDALE, Ariz. - Caliber (NASDAQ: CWD), a company specializing in real estate investment, development, and management, has announced that it has regained compliance with a key Nasdaq listing requirement concerning minimum share price. The Nasdaq Stock Market LLC notified Caliber that, following a period of non-compliance, its stock had maintained a closing bid price of $1.00 or more per share from May 2, 2025, to May 15, 2025. According to InvestingPro data, the stock has experienced significant volatility, currently trading at $3.85, down about 72% year-to-date.

The compliance issue originated on May 14, 2024, when Nasdaq informed Caliber that its share price had fallen below the $1.00 minimum for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The recent recovery in share price has resolved the issue, closing the matter according to the Compliance Notice received by Caliber on today’s date.

Caliber, with a portfolio exceeding $2.9 billion in managed assets, has a 16-year history in the real estate sector, focusing on hospitality, multi-family residential, and multi-tenant industrial projects. The company attributes its growth to a strategy of investing in areas often overlooked by global real estate institutions, which is supported by an in-house shared services group that provides enhanced control and visibility into investment opportunities. Recent InvestingPro analysis shows the company generated revenue of $51.12 million in the last twelve months, though with a concerning gross profit margin of just 1.52%. InvestingPro subscribers have access to 15 additional key insights about Caliber’s financial health and market position.

Investors can participate in Caliber’s endeavors through direct investment in the company’s private funds or by investing in CaliberCos Inc., listed on Nasdaq. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading below its intrinsic value, though investors should note the company’s weak financial health score of 1.49 out of 5 and negative EBITDA of -$6.91 million in the last twelve months.

The company’s recent press release also contains forward-looking statements that involve risks and uncertainties. These statements are not guarantees of future performance, and actual results may differ materially. Caliber advises that these forward-looking statements are subject to risks outlined in the "Risk Factors" section of their SEC filings.

This news is based on a press release statement from Caliber and reflects the latest developments regarding the company’s compliance status with Nasdaq’s listing requirements.

In other recent news, Caliber has announced a significant agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels across five states, including Arizona and Texas. This move is part of a broader strategy to expand Hyatt’s upper-midscale extended-stay brand, with construction on the first hotel expected to begin in late 2025. In addition, Caliber has declared a 1-for-20 reverse stock split for its Class A and Class B common stock, effective May 2, 2025, to meet Nasdaq’s minimum bid price requirement. This reverse stock split was ratified by shareholders and aims to consolidate shares while maintaining shareholder equity.

Furthermore, Caliber received unanimous approval from the Phoenix City Council for its Canyon Village redevelopment project, which will transform a distressed office building into a 376-unit residential complex. This project is part of an opportunity zone, offering tax incentives and addressing the increasing housing demand in Phoenix. Additionally, Caliber has set terms for a $900,000 public offering, pricing 2.4 million units at $0.375 each, with proceeds intended for debt repayment and general corporate purposes. Craft Capital Management, LLC is serving as the exclusive book-runner for this offering, which is expected to close by late April 2025. These developments highlight Caliber’s strategic initiatives to expand its real estate portfolio and comply with market requirements.

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