- Azitra, Inc. received a notice from NYSE American LLC on **October 1, 2025**, indicating non-compliance with continued listing standards under Section 1003(a)(ii).  **[1701478_0001493152-25-016887_ex99-1.htm:0]** **[1701478_0001493152-25-016887_form8-k.htm:1]** 
- The non-compliance stems from having **stockholders' equity of $2.2 million** as of **June 30, 2025**, which is below the required **$4 million**, and having reported losses in three of its four most recent fiscal years.  **[1701478_0001493152-25-016887_ex99-1.htm:0]** **[1701478_0001493152-25-016887_form8-k.htm:1]** 
- Azitra has until **October 31, 2025**, to submit a plan to regain compliance, with a target compliance date of **April 1, 2027**.  **[1701478_0001493152-25-016887_ex99-1.htm:0]** **[1701478_0001493152-25-016887_form8-k.htm:1]** 
- The notice has **no immediate effect on the listing or trading** of Azitra's common stock.  **[1701478_0001493152-25-016887_ex99-1.htm:0]** **[1701478_0001493152-25-016887_form8-k.htm:1]**

Azitra receives NYSE American notice of non-compliance

- Azitra, Inc. received a notice on **October 3, 2025**, from NYSE American LLC for non-compliance with continued listing standards, specifically Section 1003(a)(ii), which mandates **stockholders' equity of $4 million or more** for companies with recent losses.  **[1701478_20251003NY90376:0]** 
- The company must submit a plan to regain compliance by **October 31, 2025**, with a goal to achieve compliance by **April 1, 2027**.  **[1701478_20251003NY90376:0]** 
- This notice **does not immediately affect the listing or trading** of Azitra's common stock.  **[1701478_20251003NY90376:0]** 
- Azitra is actively exploring various funding avenues to meet the Exchange's requirements.  **[1701478_20251003NY90376:0]**

Azitra Receives NYSE American Non-Compliance Notice

- Azitra, Inc. entered into a **Modification Agreement** with Alumni Capital LP on **August 26, 2025**, to amend their existing Purchase Agreement.  **[1701478_0001493152-25-012476_ex10-1.htm:0]** **[1701478_0001493152-25-012476_form8-k.htm:1]** 
- The original Purchase Agreement, dated April 24, 2025, allowed Alumni Capital LP to purchase up to **$20 million** of Azitra's common stock, with a commitment period ending on **December 31, 2026**.  **[1701478_0001493152-25-012476_ex10-1.htm:0]** **[1701478_0001493152-25-012476_form8-k.htm:1]** 
- The modification introduces new options for Azitra to sell shares, allowing purchases up to **$750,000** per transaction (or up to **$4 million** with mutual agreement).  **[1701478_0001493152-25-012476_form8-k.htm:1]** 
- The pricing for these purchases can be either **90% of the lowest daily volume-weighted average price** over a 5-business day period (Purchase Notice Option 1) or **97% of the lowest traded price** on the same business day (Purchase Notice Option 2).  **[1701478_0001493152-25-012476_form8-k.htm:1]** **[1701478_0001493152-25-012476_ex10-1.htm:1]**

Azitra (AZTR)