Berkshire Grey, Inc.: Nasdaq/NYSE listing notice — Berkshire Grey receives Nasdaq delisting notice for bid price below $1.00

Berkshire Grey, Inc.

Nasdaq notified Berkshire Grey on Jan 11, 2023 of non-compliance with $1.00 minimum bid price rule.
Company has 180 days, until July 10, 2023, to regain compliance.
Compliance can be achieved if stock closes at or above $1.00 for 10 consecutive trading days.
If not cured, an additional 180-day period may apply; delisting risk exists.
Stock closed at $1.00 on Jan 11, $1.16 on Jan 12, and $1.15 on Jan 13, 2023.

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

Berkshire Grey, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

January 11, 2023, Berkshire Grey, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”), because the closing bid price of the Company’s Class A common stock (the “Common Stock”) was below $1.00 per share for 30 consecutive trading days. The Notice has no immediate effect on the listing of the Common St

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Source: SEC EDGAR

accession 0000950170-23-000770

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