FUSE in focus: Fusemachines draws Nasdaq deficiency notice on market value, has until January 20, 2027 to comply

A Nasdaq deficiency notice reached Fusemachines Inc. (FUSE) on July 24, 2026, flagging the New York-headquartered company's failure to maintain the $15,000,000 minimum Market Value of Publicly Held Shares required for the Nasdaq Global Market under Listing Rule 5450(b)(2)(C). The notice carries no immediate effect on trading; FUSE common stock and warrants (FUSEW) remain listed during the compliance period. The clock now runs to January 20, 2027.

The compliance threshold

Nasdaq's Listing Qualifications Department found that Fusemachines' MVPHS stayed below $15,000,000 for 30 consecutive business days, from June 10, 2026 through July 23, 2026. That sustained stretch triggered the formal deficiency letter.

Under Nasdaq Listing Rule 5810(c)(3)(D), the company has 180 calendar days to address the shortfall. The path back: MVPHS must close at or above $15,000,000 for a minimum of 10 consecutive business days, at which point Nasdaq will provide written confirmation that the deficiency is resolved.

What the 8-K discloses

The filing, signed by CEO Sameer Maskey, states the company intends to monitor its MVPHS and assess available options during the compliance period. No specific remediation plan or corporate action is named. Fusemachines is incorporated in Delaware and headquartered at 200 West 41st Street, 21st Floor, New York, New York 10036.

The company carries Commission File Number 001-42909 and is classified as an emerging growth company. Its most recent Annual Report on Form 10-K, covering the fiscal year ended December 31, 2025, was filed with the SEC on March 27, 2026.

What to watch

The setup reduces to one number: $15,000,000 in MVPHS held for 10 consecutive sessions. No timetable for a remediation plan or specific corporate action appears in the filing. The Notification Letter, Fusemachines notes in the 8-K, does not itself affect the listing or trading of the stock while the company works through the compliance window.

Until a concrete strategy is disclosed or the MVPHS metric recovers to the required level, the tape will track whether the public float value can close at or above that threshold and hold it for the required stretch. The 8-K was filed July 24, 2026, the same date the Notification Letter arrived from Nasdaq's Listing Qualifications Department.