STAR EQUITY HOLDINGS, INC.: Nasdaq/NYSE listing notice — Star Equity receives Nasdaq bid-price deficiency notice; has 180 days to comply

STAR EQUITY HOLDINGS, INC.

Nasdaq notified Star Equity that common stock (STRR) closed below $1.00 for 30 consecutive business days.
Company has until August 12, 2024 to regain compliance by closing at $1.00+ for 10 consecutive days.
If not compliant by deadline, may transfer to Nasdaq Capital Market and seek additional 180-day cure period.
Plan includes potential reverse stock split to address bid-price deficiency.
Common stock continues trading on Nasdaq Global Market during cure period subject to other listing rules.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

STAR EQUITY HOLDINGS, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

partment of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for a period of 30 consecutive business days, the bid price of its common stock closed below the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), and as indicated in the Letter, the Company has 180 calendar days, or until August 12, 2024, to regain compliance with the minimum bid price requirement. The Letter further provided that if at any time during this 180-day period, the

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Source: SEC EDGAR

accession 0000707388-24-000007

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