Upland Software Receives Nasdaq Notice of Non-Compliance with Minimum Bid Price Requirement

Key Points:

• On April 7, 2026, Upland Software, Inc. (Nasdaq: UPLD) received an official notification from the Nasdaq Listing Qualifications Department stating that the company’s common stock has failed to maintain the minimum required closing bid price of \$1.00 per share for 30 consecutive business days.
• This deficiency triggers Nasdaq Listing Rule 5450(a)(1), which mandates a minimum \$1.00 closing bid price for continued listing on The Nasdaq Global Market.
• The notice is not an immediate delisting action. Upland Software’s shares will continue to trade under the ticker UPLD on the Nasdaq Global Market for now.
• Upland Software now has an initial 180 calendar-day compliance period, until October 5, 2026, to restore compliance. To do so, the company’s common stock must close at or above \$1.00 per share for at least 10 consecutive business days.
• If compliance is not regained by October 5, 2026, Upland may be eligible for a second 180-day compliance period by transferring to The Nasdaq Capital Market, provided it meets all other continued listing requirements (except the minimum bid price) and notifies Nasdaq of its intent to cure the deficiency.
• Failure to regain compliance in the extended period will result in a delisting notification, which the company may appeal to a Nasdaq Hearings Panel, though there is no assurance any appeal would be successful.
• Upland Software is actively monitoring the situation and intends to consider all available options to regain compliance, but there is no guarantee it will succeed within the allowed time frame.

Details and Implications for Shareholders:

• Why This Matters: The possibility of delisting from Nasdaq is a significant event that investors should watch closely. Delisting can have a substantial negative impact on share liquidity and market value, and could restrict the ability of some institutional investors to hold the stock.
• Next Steps: Upland Software must bring its share price above \$1.00 for at least 10 consecutive business days before October 5, 2026, or risk additional compliance measures, including potential transfer to the Nasdaq Capital Market and further scrutiny.
• Potential Company Actions: Companies in this situation often consider measures such as reverse stock splits to boost their share price above the minimum threshold. However, Upland Software has not announced any specific plans at this time.
• Other Information: The notification does not impact the Company’s business operations, SEC reporting requirements, or the current trading of its common stock, which will remain listed under the ticker “UPLD” during the compliance periods.

Price Sensitivity:

• The risk of delisting is material and price-sensitive information for shareholders. Such news typically increases volatility and may put downward pressure on the share price, especially if investors become concerned about potential delisting or lack of compliance.
• Investors should monitor the situation closely for any future announcements regarding compliance efforts, reverse splits, or changes in trading status.

Company Contact: The report was signed by Michael D. Hill, Chief Financial Officer, on April 10, 2026.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence or consult with a financial advisor before making investment decisions. The situation described may evolve and future announcements from Upland Software, Inc. or Nasdaq could alter the outlook.

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