Picard Medical raises $5M at $0.30/share amid NYSE delisting notice for equity deficiency

Filed May 11, 2026 · Period ending May 5, 2026 · ~2 min read

Key Changes

• high

  NYSE American issued delisting notice on May 8 for stockholders' equity below $4M threshold ($3.8M actual vs. $4M required). Company must submit compliance plan by June 7, 2026 and regain compliance by November 8, 2027 or face delisting.

  Item 3.01 verify on EDGAR →
• high

  Raised $5M gross proceeds via registered offering at $0.30/share with 16.7M shares and warrants. Full warrant exercise at $0.35 could add 50M shares, tripling potential dilution. Proceeds earmarked for working capital and debt repayment.

  Item 1.01 verify on EDGAR →
• high

  Warrants are immediately exercisable: Series A expires in 5 years, Series B in 24 months, pre-funded warrants have $0.0001 strike and never expire. Combined, these represent substantial overhang equivalent to ~3x the shares sold.

  Item 1.01 verify on EDGAR →