Marpai, Inc. (MRAI): Nasdaq/NYSE listing notice — Marpai receives Nasdaq notice for failure to meet $1.00 minimum bid price

Marpai, Inc.

Received Nasdaq notice on Jan 11, 2023 for bid price below $1.00 for 30 consecutive business days.
Has 180 days (until July 10, 2023) to regain compliance by closing at $1.00 for 10 consecutive days.
May seek additional 180-day period if meets other listing standards and intends to effect reverse stock split if needed.
No assurance of regaining compliance; company monitoring options.

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 0.99

Marpai, 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

January 11, 2023, Marpai, Inc. (the “Company”) received a notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company did not satisfy the requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”) to maintain a minimum bid price of $1.00 per share. The Company became deficient with Rule 5550(a)(2) as of January 11, 2023 as the closing bid price of its Class A common stock was less than $1.00 per share for 30 consecutive business days prior to the date

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Marpai, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-000750

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