CalAmp Corp.: Nasdaq/NYSE listing notice — CalAmp receives Nasdaq deficiency notice for bid price below $1.00; 180 days to cure

CalAmp Corp.

Received Nasdaq deficiency letter on Aug 22, 2023 due to closing bid price below $1.00 for 30 consecutive business days.
Has 180 calendar days (until Feb 20, 2024) to regain compliance by closing at or above $1.00 for 10 consecutive business days.
If not cured, may request additional 180-day period if meets other listing standards; otherwise delisting process may begin.
Company to monitor bid price and evaluate options, including potential reverse stock split, but no assurances of compliance.

item 3.01 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 0.7

CalAmp Corp. received a nasdaq extension granted notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

August 22, 2023, CalAmp Corp. (the “Company”) received a deficiency letter (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s Class A Common Stock (the “Common Stock”) for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Requirement”). The Notice has no immediate impact on the listing of the Company’s common s

View on SEC.gov

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

CalAmp Corp. 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

August 22, 2023, CalAmp Corp. (the “Company”) received a deficiency letter (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s Class A Common Stock (the “Common Stock”) for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Requirement”). The Notice has no immediate impact on the listing of the Company’s common s

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-23-044033

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