TaoWeave, Inc. (TWAV): Nasdaq/NYSE listing notice — Oblong gets 180-day Nasdaq extension to meet $1 bid price rule; deadline now Sept 16, 2024

TaoWeave, Inc.

Nasdaq granted 180-day extension to regain compliance with minimum $1.00 bid price rule.
Company now has until September 16, 2024 to meet the requirement.
Compliance can be regained if bid price closes at $1.00+ for 10 consecutive business days.
Failure to comply will trigger a delisting notification; company may appeal.
Extension has no immediate effect on trading; stock continues on Nasdaq under OBLG.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

TaoWeave, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

September 21, 2023, Oblong, Inc., a Delaware corporation (the “ Company ”), received written notice (the " Notice ") from the Nasdaq Stock Market, LLC (" Nasdaq ") indicating that the bid price for the Company's common stock (the "Common Stock"), for the last 30 consecutive business days, had closed below the minimum $1.00 per share and, as a result, the Company is not in compliance with the $1.00 minimum bid price requirement for the continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the " Bid Price Rule "). On March 20, 2024, the Company received

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Source: SEC EDGAR

accession 0000746210-24-000013

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