Palladyne AI Corp. (PDYN): Nasdaq/NYSE listing notice — Sarcos Technology receives Nasdaq delisting notice for bid price below $1.00 for 30 consecutive days

Palladyne AI Corp.

Received Nasdaq notice on Jan 23, 2023 for non-compliance with $1.00 minimum bid price requirement.
Has 180 days until July 22, 2023 to regain compliance by closing at $1.00 for 10 consecutive business days.
May consider a reverse stock split or transfer to Nasdaq Capital Market to obtain an additional 180-day compliance period.
No immediate effect on listing; company intends to monitor and evaluate available options.

Key facts

Extracted from this filing and checked against the source text.

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

Palladyne AI Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

January 23, 2023, Sarcos Technology and Robotics Corporation (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the last 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $

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Palladyne AI Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-001313

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