The delisting risk is resolved, but the reverse ADS split is a cosmetic fix. Monitor upcoming clinical catalysts and cash runway for the real drivers of IMMP's valuation.
Price Chart
Executive Summary
Immutep received Nasdaq notification confirming it has regained compliance with the minimum bid price requirement (Rule 5450(a)(1)) after its ADS closing bid price remained at or above $1.00 for 10 consecutive business days. The compliance was achieved through a reverse ADS ratio change (from 1:10 to 1:200) effective September 28, 2026. This removes the immediate delisting risk from Nasdaq, but the reverse split is a mechanical fix that does not reflect any improvement in business fundamentals.
Key Facts
- Nasdaq confirmed compliance with minimum bid price rule on October 12, 2026
- Closing bid price was at or above $1.00 for 10 consecutive business days (Sept 28 – Oct 9, 2026)
- Compliance achieved via ADS ratio change from 1:10 to 1:200, effective September 28, 2026
- Original deficiency notice was received April 27, 2026
- Ordinary shares on ASX were unaffected by the ADS ratio change
Financial Impact
No financial figures disclosed. The filing resolves a Nasdaq listing deficiency through a mechanical ADS ratio adjustment.
Risk Factors
- Reverse ADS split may deter some retail investors and can signal financial distress
- No improvement in underlying business fundamentals — clinical and regulatory risks remain unchanged
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-420840 |
| Document: d36112dex991.htm | 0001193125-26-420840 |
| Document: 0001193125-26-420840-index-headers.html | 0001193125-26-420840 |
| Document: 0001193125-26-420840-index.html | 0001193125-26-420840 |
| Document: 0001193125-26-420840.txt | 0001193125-26-420840 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 20-F | $3.20 $3.10 | ▲ +3.13% | ▲ +3.84% | $3.15 (+1.56%) |
Oct 13, 2026 14d ago | 6-K | $3.38 $3.21 | ▼ −5.03% | ▼ −5.31% | $3.15 (−6.80%) |
Sep 22, 2026 5w ago | 6-K | $0.2800 $0.2700 | ▼ −3.57% | ▼ −2.85% | $3.15 (+1025.00%) |
Sep 1, 2026 8w ago | 6-K | $0.3800 $0.3700 | ▲ +2.63% | ▲ +3.68% | $3.15 (−728.95%) |
Jul 13, 2026 15w ago | 6-K | $0.4328 $0.4367 | ▲ +0.90% | ▲ +0.50% | $3.15 (+627.82%) |
US Market Status
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