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- Delisting (new) — Formal Nasdaq deficiency notice for failing to maintain minimum $1.00 bid price for 30 consecutive business days.
Upland Software receives Nasdaq delisting warning over sub-$1 stock price
Filed April 10, 2026 · Period ending April 7, 2026 · ~1 min read
Key Changes
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Upland's stock has traded below $1.00 for 30 straight days, triggering a formal Nasdaq deficiency notice that could lead to delisting if not corrected.
Item 3.01 verify on EDGAR → -
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Company has until October 5, 2026 (180 days) to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.
Item 3.01 verify on EDGAR → -
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If unsuccessful, Upland may qualify for a second 180-day extension by transferring to Nasdaq Capital Market, but failure would result in delisting proceedings.
Item 3.01 verify on EDGAR → -
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Upland acknowledges it will consider options to regain compliance but provides no assurance it will succeed, signaling uncertainty about its path forward.
Item 3.01 verify on EDGAR → -
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The stock continues trading under symbol UPLD during the compliance period; delisting would force shares to over-the-counter markets with reduced liquidity.
Item 3.01 verify on EDGAR →
Summary
Upland Software disclosed it received a formal deficiency notice from Nasdaq on April 7, 2026, after its stock traded below $1.00 per share for 30 consecutive business days. This violates Nasdaq's minimum bid price requirement and puts the company at risk of delisting from the exchange.
The stock continues trading normally for now, but Upland has a 180-day window ending October 5, 2026, to fix the problem by maintaining a closing bid above $1.00 for at least 10 straight days. For retail investors, this is a serious warning sign about the company's market valuation and financial health. A sub-$1 stock price often reflects deep investor concerns about business fundamentals or liquidity.
If delisted, shares would move to over-the-counter markets where trading is less liquid, spreads are wider, and institutional ownership typically drops. Upland acknowledged it has no guaranteed plan to regain compliance, which adds uncertainty. Watch whether Upland announces concrete actions like a reverse stock split (which mechanically raises the share price) or provides business updates that could restore investor confidence. The October deadline is the key date, but any failure to show progress in coming months would be an additional red flag.
Section-by-Section Diff
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On April 7, 2026, Upland Software, Inc. (the “Company”) received a notification letter from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock has been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a) (1) (Rule “5450(a) (1)”).
Upland received a deficiency notice from Nasdaq on April 7, 2026, because its stock's closing bid price has been below $1.00 per share for 30 consecutive business days, violating Nasdaq's minimum bid price requirement. This is a formal notice of non-compliance but does not immediately delist the stock, which continues trading under symbol UPLD.
Added in current filing · verify on EDGAR →
The Company has 180 days, or until October 5, 2026, to regain compliance with Rule 5450(a) (1) by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days.
Upland has until October 5, 2026 (180 days) to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, the company may qualify for a second 180-day period by transferring to Nasdaq Capital Market and meeting other listing standards.
Added in current filing · verify on EDGAR →
If the Staff concludes that the Company will not be able to cure the deficiency, or if the Company does not regain compliance with the minimum bid price requirement within such additional 180 calendar day compliance period, the Staff will provide written notification to the Company that the Company’s common stock will be subject to delisting.
If Upland fails to regain compliance within the initial or any additional 180-day period, Nasdaq staff will issue a delisting notification. The company would have the right to appeal to a Nasdaq Hearings Panel, though success is not guaranteed.
Added in current filing · verify on EDGAR →
The Company intends to actively monitor the closing bid price of its common stock and to consider plans for regaining compliance with Rule 5450(a) (1). While the Company plans to review all available options, there can be no assurance that it will be able to regain compliance with the applicable rules during the 180-day compliance period ending on October 5, 2026, any additional compliance period, or at all.
Upland states it will monitor its stock price and consider options to regain compliance, but explicitly acknowledges there is no assurance it will successfully meet the requirements within any compliance period. This indicates uncertainty about the company's ability to resolve the deficiency.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 5, 2026 · How we verify