On June 17, 2024, Cingulate Inc., a Delaware-incorporated company listed on The Nasdaq Capital Market, received a notification from Nasdaq's Listing Qualifications Staff regarding non-compliance with the $1.00 Minimum Bid Price requirement for continued listing. The company's common stock had not met the minimum bid price based on the closing bid price for the last 30 consecutive business days. Consequently, Nasdaq has determined to delist Cingulate's securities unless the company requests a hearing before the Nasdaq Hearings Panel. Cingulate intends to request such a hearing and will seek an extension to demonstrate compliance with the Bid Price Requirement. The company is considering measures such as a reverse stock split to regain compliance. The request for a hearing will postpone any suspension or delisting actions until the hearing's conclusion and any extension period granted. There is no guarantee that the Panel will allow Cingulate to continue listing or that the company will meet the Bid Price Requirement within the extension period, if granted.

On June 17, 2024, Cingulate Inc., a Delaware-incorporated company listed on The Nasdaq Capital Market, received a notification from Nasdaq's Listing Qualifications Staff regarding non-compliance with the $1.00 Minimum Bid Price requirement for continued listing. The company's common stock had not met the minimum bid price based on the closing bid price for the last 30 consecutive business days. Consequently, Nasdaq has determined to delist Cingulate's securities unless the company requests a hearing before the Nasdaq Hearings Panel. Cingulate intends to request such a hearing and will seek an extension to demonstrate compliance with the Bid Price Requirement. The company is considering measures such as a reverse stock split to regain compliance. The request for a hearing will postpone any suspension or delisting actions until the hearing's conclusion and any extension period granted. There is no guarantee that the Panel will allow Cingulate to continue listing or that the company will meet the Bid Price Requirement within the extension period, if granted.