eHealth Gets Nasdaq Notice Over Sub-$1 Stock Price

What happened

eHealth, Inc. (ticker EHTH) said in a Form 8-K filed October 16, 2026 that it received a written notice from The Nasdaq Stock Market LLC on October 14, 2026. The notice states that for the last 30 consecutive business days, the closing bid price of eHealth's common stock had been below $1.00 per share.

That level is the minimum bid price requirement for continued inclusion on The Nasdaq Global Select Market under Nasdaq Listing Rule 5450(a)(1). eHealth's common stock trades on that market.

The notice has no immediate effect on the listing of the common stock, the filing says. Shares continue to trade under the symbol EHTH. The company closed at $0.61 on the event date, unchanged from the prior close, according to the price data.

The compliance period

Under Nasdaq Listing Rule 5810(c)(3)(A), eHealth has an initial compliance period of 180 calendar days, running until April 12, 2027, to regain compliance with the minimum bid price requirement.

To regain compliance, the closing bid price of the common stock must be at least $1.00 per share for a minimum of 10 consecutive business days during that 180-day window, unless Nasdaq staff exercises discretion to extend the 10-day period under Nasdaq Listing Rule 5810(c)(3)(H). The company must also continue to satisfy the Nasdaq Global Select Market's other listing requirements.

If eHealth has not regained compliance by April 12, 2027, the filing says it may consider additional options. Those include, if eligible, an additional 180-calendar day compliance period by transferring to The Nasdaq Capital Market, which offers that additional window.

The company said it is actively monitoring its closing bid price and will consider all available options to regain compliance. Those options may include seeking stockholder approval to effect a reverse stock split, according to the filing.

What this means

A minimum bid price rule is a listing standard, not a measure of a company's finances. Nasdaq requires that a stock trade at $1.00 or more. When a stock trades below that level for 30 consecutive business days, the exchange issues what is usually called a deficiency notice. The rule exists mainly so that exchanges do not list penny-priced stocks, which can be hard to trade and easier to manipulate.

This is not a delisting. The notice is a warning that a listing standard has been missed, and it starts a clock. The company's shares keep trading normally during the compliance period while it tries to meet the requirement.

A common way companies fix a sub-$1 stock price is a reverse stock split, which eHealth mentions here. In a reverse split, a company combines several existing shares into one. If a stock trades at $0.50 and the company does a 1-for-2 reverse split, shareholders end up with one share worth roughly $1.00 instead of two worth $0.50. The total value of a holder's position does not change from the split itself, but the reported share price rises above the $1.00 threshold. Companies need shareholder approval to do this, which is why eHealth's filing mentions seeking it.

The filing says there can be no assurance that eHealth will regain compliance during the 180-day period, secure a second 180-day period, stay in compliance with other Nasdaq listing requirements, or succeed in appealing any delisting determination.

About the company

eHealth, Inc. is listed in the filing as an insurance agent, broker and service company, based in Indianapolis, Indiana. It is incorporated in Delaware and its common stock has a par value of $0.001 per share.