GSE SYSTEMS INC: Nasdaq/NYSE listing notice — Nasdaq grants GSE Systems 180-day extension to Oct 30, 2023 to regain $1 minimum bid price

GSE SYSTEMS INC

Extension granted under Nasdaq Listing Rule 5810(c)(3)(A) after company requested on April 19, 2023.
Original 180-day grace period from Nov 4, 2022 deficiency notice ended May 3, 2023.
Company may consider a reverse stock split to regain compliance; no guarantee of success.
Failure to comply by Oct 30, 2023 will trigger delisting notice; company can appeal.

Key facts

Extracted from this filing and checked against the source text.

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

GSE SYSTEMS INC received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

May 4, 2023, the Company received a letter from Nasdaq advising that the Company had been granted a 180-day extension to October 30, 2023 to regain compliance with the Minimum Bid Price Requirement, in accordance with Nasdaq Listing Rule 5810(c)(3)(A). The Company will continue to monitor the closing bid price of its Common Stock and may, if appropriate, consider implementing available options, including but not limited to, implementing a reverse stock split of its outstanding securities, to regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance w

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Source: SEC EDGAR

accession 0000944480-23-000045

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