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CaliberCos Inc. (NASDAQ:CWD) disclosed Wednesday that it received a written notice from The Nasdaq Stock Market LLC regarding non-compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market.
According to a press release statement based on the company’s filing with the Securities and Exchange Commission, Nasdaq notified CaliberCos that, as of August 27, the company’s stockholders’ equity was reported as negative $17.6 million in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. This figure falls below the minimum $2.5 million in stockholders’ equity required by Nasdaq Listing Rule 5550(b)(1).
The deficiency letter does not immediately affect the listing or trading of CaliberCos’ Class A common stock, which will continue to trade on the Nasdaq Capital Market under the symbol CWD.
CaliberCos has 45 calendar days from the date of the notice to submit a plan to Nasdaq outlining how it intends to regain compliance with the equity requirement. If Nasdaq accepts the plan, the company may receive an extension of up to 180 calendar days from the date of the deficiency letter to meet the requirement. If CaliberCos does not regain compliance within the allowed period, its Class A common stock could become subject to delisting. The company would have the right to appeal any delisting determination to a Nasdaq hearings panel.
CaliberCos stated that it is evaluating options and intends to submit a compliance plan within the required timeframe. The company noted there can be no assurance that its plan will be accepted or that compliance will be regained. InvestingPro data shows the company’s overall financial health score is rated as WEAK, with particularly concerning metrics in profitability and price momentum. Subscribers to InvestingPro can access detailed financial health analyses and real-time updates on the company’s performance metrics.
This information is based on a press release statement and CaliberCos’ filing with the Securities and Exchange Commission.
In other recent news, Caliber has announced a significant leadership change with the promotion of Greg James to Chief Operating Officer. This move comes after the departure of Ignacio Martinez on July 7. James has been with Caliber since October 2024 and has an extensive background in hotel operations and asset management. Before joining Caliber, he spent nearly 20 years at Summit Hotel Properties, where he held the position of Senior Vice President of Operations. This transition marks a notable development in Caliber’s executive team as the company continues its real estate investment and development activities.
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