Upland Software, Inc. (UPLD)

Key Insights

• Upland Software received a notification from Nasdaq that its common stock has traded below the $1.00 minimum bid price requirement for the past 30 consecutive business days, putting it at risk of delisting.
• The company has 180 days to regain compliance by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days, or it may be granted an additional 180-day compliance period.
• If Upland Software is unable to regain compliance within the allotted time, it may appeal the delisting determination, but there is no assurance that the appeal would be successful.