Markforged Holding Corp: Nasdaq/NYSE listing notice — Markforged receives NYSE delisting notice for stock price below $1.00; six-month cure period

Markforged Holding Corp

NYSE notified Markforged on April 18, 2023 that it fails minimum avg closing price >$1.00 over 30 trading days.
Company has six-month cure period; can regain compliance if closing price >=$1.00 on last trading day of any month and 30-day avg >=$1.00.
Company intends to notify NYSE within 10 business days of intent to cure; may consider reverse stock split if needed.
No immediate delisting; stock continues trading on NYSE during cure period subject to other listing standards.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Markforged Holding Corp received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

April 18, 2023, Markforged Holding Corporation (the “Company”) received written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with Rule 802.01C of the NYSE’s Listed Company Manual (“Rule 802.01C”) relating to the minimum average closing price of the Company’s common stock required over a consecutive 30 trading-day period. The notice has no immediate effect on the listing of the Company’s common stock, which will continue to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing standards. In accordanc

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Source: SEC EDGAR

accession 0000950170-23-013327

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