other material
confidence high
sentiment negative
materiality 0.65
Energy Focus receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period
ENERGY FOCUS, INC/DE
- Received Nasdaq notice on Aug 23, 2022: closing bid price below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until Feb 20, 2023, to regain compliance.
- Stock continues trading on Nasdaq Capital Market during the cure period.
- If not cured by Feb 20, 2023, an additional 180 days may be granted if conditions met; otherwise delisting possible.
- Company may consider options such as reverse stock split to regain compliance.