Monitor for the compliance plan submission by July 25, 2026 and Nasdaq's acceptance decision. The accounting issue around Series 2 Convertible Preferred Stock could also reveal balance sheet adjustments when the 10-Q is eventually filed.
Price Chart
Executive Summary
Cloudastructure received a Nasdaq delisting notice on May 26, 2026 for failing to timely file its Q1 2026 Form 10-Q, due to a complex accounting review of Series 2 Convertible Preferred Stock. The company has 60 days (until July 25, 2026) to submit a compliance plan, with a potential extension to November 16, 2026, but there is no assurance of acceptance or eventual compliance. At a $13M market cap, the risk of eventual delisting is material and could severely reduce institutional ownership and liquidity.
Key Facts
- Nasdaq notice received May 26, 2026 for late filing of Q1 2026 Form 10-Q (violation of Listing Rule 5250(c)(1))
- 60-day deadline to submit a compliance plan: July 25, 2026
- If plan accepted, Nasdaq can grant up to 180 days from the 10-Q due date, i.e., until November 16, 2026, to regain compliance
- Delay caused by ongoing review of accounting treatment for Series 2 Convertible Preferred Stock
- No immediate effect on listing or trading of CSAI common stock on Nasdaq Capital Market
- Market cap is approximately $13M — a micro-cap with limited resources to navigate delisting risk
Financial Impact
No financial figures provided in the filing; the material impact is the delisting risk itself, which threatens liquidity and institutional ownership for a $13M market cap company.
Risk Factors
- Nasdaq may reject the compliance plan, triggering a hearings process and eventual delisting
- The accounting review for Series 2 Convertible Preferred Stock could result in material restatements or adverse balance sheet adjustments
- Delisting would severely reduce liquidity and likely trigger a significant stock price decline for this micro-cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-004399 |
| Document: cloud_ex9901.htm | 0001683168-26-004399 |
| Document: 0001683168-26-004399-index-headers.html | 0001683168-26-004399 |
| Document: 0001683168-26-004399-index.html | 0001683168-26-004399 |
| Document: 0001683168-26-004399.txt | 0001683168-26-004399 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 25d ago | 8-K | $2.68 $2.65 | ▲ +1.12% | ▲ +1.79% | $2.22 (+17.16%) |
Aug 17, 2026 10w ago | Press Release | $5.70 $5.30 | ▼ −7.02% | ▼ −6.34% | $2.22 (−61.05%) |
Aug 17, 2026 10w ago | 8-K | $5.70 $5.30 | ▼ −7.02% | ▼ −6.34% | $2.22 (−61.05%) |
Aug 10, 2026 11w ago | 8-K | $5.36 $5.34 | ▲ +0.37% | ▲ +0.05% | $2.22 (+58.58%) |
Jul 15, 2026 14w ago | Press Release | $0.4175 $0.2980 | ▼ −28.62% | ▼ −27.63% | $2.22 (+431.74%) |
Jul 6, 2026 16w ago | Press Release | $0.4011 $0.3920 | ▼ −2.27% | ▼ −1.96% | $2.22 (+453.48%) |
May 29, 2026 21w ago | 8-K | $14.34 $13.14 | ▲ +8.37% | ▲ +8.50% | $2.22 (+84.52%) |
May 18, 2026 23w ago | 8-K | $15.84 $15.27 | ▲ +3.60% | ▲ +2.93% | $2.22 (+85.98%) |
Apr 22, 2026 26w ago | 8-K | $0.5850 $0.5930 | ▲ +1.37% | ▲ +0.58% | $2.22 (+279.49%) |
Apr 1, 2026 29w ago | Press Release | $0.5740 $0.5880 | ▲ +2.44% | ▲ +2.36% | $2.22 (+286.76%) |
US Market Status
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