Full Press Release Details
Therapeutics Regains Compliance with Nasdaq Minimum Bid Price Requirement
--Nasdaq compliance follows reverse stock split
previously announced on June 17, 2025
LOS ALTOS, Calif., July 8, 2025 - Unicycive
Therapeutics, Inc. ("Unicycive" or the "Company") (Nasdaq: UNCY), a clinical-stage biotechnology company
developing therapies for patients with kidney disease, today announced it has regained compliance with the Nasdaq Stock Market ("Nasdaq")
continued listing standard for minimum share price under Rule 5550(a)(2) of the Nasdaq Listing Qualifications. This update was disclosed
in the Company's Current Report on Form 8-K filed on July 8, 2025.
On July 7, 2025, the Company received confirmation from the Listing
Qualifications Department of Nasdaq that as of July 3, 2025 the Company's common stock has maintained an average closing share price
of at least $1.00 immediately following the Company's 1:10 reverse stock split that became effective on June 20, 2025 The Company's
shares are no longer considered to be below the minimum bid price requirement of Rule 5550(a)(2), and as a result the Company has regained
compliance with the Nasdaq continued listing standard. Nasdaq now considers this matter closed.
About Unicycive Therapeutics
Unicycive Therapeutics is a biotechnology company developing novel
treatments for kidney diseases. Unicycive's lead investigational treatment is oxylanthanum carbonate, a novel phosphate binding
agent currently under review by the U.S. Food and Drug Administration (FDA) for the treatment of hyperphosphatemia in patients with chronic
kidney disease who are on dialysis. Unicycive's second investigational treatment UNI-494 is intended for the treatment of conditions
related to acute kidney injury. It has been granted orphan drug designation (ODD) by the FDA for the prevention of Delayed Graft Function
(DGF) in kidney transplant patients and has completed a Phase 1 dose-ranging safety study in healthy volunteers. For more information,
Forward-Looking Statements
Certain statements in this press release are forward-looking within
the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified using words such as "anticipate,"
"believe," "forecast," "estimated" and "intend" or other similar terms or expressions that concern
Unicycive's expectations, strategy, plans or intentions. These forward-looking statements are based on Unicycive's current expectations
and actual results could differ materially. There are several factors that could cause actual events to differ materially from those indicated
by such forward-looking statements. These factors include, but are not limited to, clinical trials involve a lengthy and expensive process
with an uncertain outcome, and results of earlier studies and trials may not be predictive of future trial results; our clinical trials
may be suspended or discontinued due to unexpected side effects or other safety risks that could preclude approval of our product candidates;
risks related to business interruptions, which could seriously harm our financial condition and increase our costs and expenses; dependence
on key personnel; substantial competition; uncertainties of patent protection and litigation; dependence upon third parties; and risks
related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. Actual results may differ materially
from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related
to market conditions and other factors described more fully in the section entitled Risk Factors' in Unicycive's Annual
Report on Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission.
Any forward-looking statements contained in this press release speak only as of the date hereof, and Unicycive specifically disclaims
any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.