TOMI Environmental Solutions converts $2.475 million of notes, lifts equity above Nasdaq minimum
TOMI Environmental Solutions reported that holders converted convertible notes with an aggregate principal amount of $2,475,000 into 1,649,989 shares of common stock as of September 1, 2026. As a result, shareholders' equity is approximately $3.8 million, above the $2.5 million Nasdaq requirement, but the company says there is no assurance the Nasdaq Hearings Panel will deem it compliant.
Key points
- Convertible notes with $2,475,000 aggregate principal converted into common stock as of September 1, 2026
- Company issued 1,649,989 shares of common stock upon conversion
- Shareholders' equity of approximately $3.8 million exceeds the $2.5 million requirement under Nasdaq Listing Rule 5550(b)(1)
- Company states there can be no assurances the Nasdaq Hearings Panel will deem it to have regained compliance
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.