SMITH MICRO SOFTWARE, INC. (SMSI): Nasdaq/NYSE listing notice — Smith Micro Software receives Nasdaq minimum bid price non-compliance notice

SMITH MICRO SOFTWARE, INC.

Received Nasdaq letter on Nov 26, 2024: closing bid price below $1.00 for 30 consecutive business days.
Initial compliance period of 180 calendar days ends May 26, 2025 to regain minimum $1.00 bid.
Can regain compliance if bid price is at least $1.00 for 10 consecutive business days before deadline.
May qualify for an additional 180-day grace period if it meets other listing standards.
No immediate effect on listing; company intends to monitor and assess options to cure deficiency.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

SMITH MICRO SOFTWARE, 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

November 26, 2024, Smith Micro Software, Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market (“Nasdaq”) indicating that as result of the closing bid price of the Company’s common stock (“Common Stock”) for the last 30 consecutive business days having been below the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) the Company was not in compliance with the Minimum Bid Price Requirement (the “Minimum Bid Price Notice”). The Min

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SMITH MICRO SOFTWARE, INC. filing history →

Source: SEC EDGAR

accession 0000948708-24-000036

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