Miami-based health care provider CareMax is facing a financial crisis after receiving a delisting warning from the Nasdaq Stock Market, pushing the company to urgently restructure and reduce costs to avoid filing for bankruptcy. The delisting notice comes as CareMax’s market value continues to fall below the Nasdaq’s minimum requirements, prompting the company to explore strategic alternatives to stabilize its business.
On September 26, CareMax disclosed that Nasdaq issued the warning because the company’s total market value had remained below the required $15 million threshold for 30 consecutive business days. To regain compliance, CareMax must ensure that its market value exceeds $15 million for at least 10 consecutive days before the March 19, 2025 deadline. The company also retains the option to request an extension if needed.
As of the market close on Monday, CareMax’s stock value stood at $6.49 million, with shares priced at $1.70—a staggering 88.6% decline since the start of the year.