Surrozen, Inc./DE (SRZN): Nasdaq/NYSE listing notice — Surrozen gets Nasdaq extension to Jan 2, 2024 to meet $1 bid price

Surrozen, Inc./DE

Received Nasdaq notice of additional 180-day period to regain minimum $1.00 bid price compliance.
Initial compliance period ended July 3, 2023; stock had not regained compliance.
To cure, Company may effect a reverse stock split before January 2, 2024.
Closing bid must be at least $1.00 for 10 consecutive business days during extension.
Failure to comply by Jan 2, 2024 may result in delisting; Company may appeal.

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

Surrozen, Inc./DE received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

July 5, 2023, Surrozen, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company is eligible for an additional 180 calendar day period, or until January 2, 2024, to regain compliance with the minimum $1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). In the letter, Nasdaq noted that the Company’s common stock had not regained compliance with the Minimum Bid Req

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Surrozen, Inc./DE filing history →

Source: SEC EDGAR

accession 0000950170-23-031664

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