DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF): Nasdaq/NYSE listing notice — DIRTT to voluntarily delist from Nasdaq after bid price failure; TSX trading continues

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Received delisting notice from Nasdaq on Sept 6, 2023; suspension around Sept 15, 2023.
Voluntary delisting; company decided against reverse stock split to maintain listing.
Shares will continue trading on Toronto Stock Exchange under symbol DRT.
Estimated annual cost savings of USD $400,000 from eliminating dual listing.
CEO says dual listing insufficient value; company confident in growth prospects.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

DIRTT ENVIRONMENTAL SOLUTIONS LTD received a nasdaq compliance regained notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

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

Exact text from the filing

March 7, 2023, Nasdaq notified the Company in writing that while the Company had not regained compliance with the Bid Price Rule, it was eligible for an additional 180 calendar day period, or until September 5, 2023, to regain compliance with the Bid Price Rule. The Company’s securities were transferred to The Nasdaq Capital Market at the opening of business on March 9, 2023. The Company did not regain compliance before the additional 180-day period expired on September 5, 2023. On September 6, 2023, the Company received notice from the Nasdaq that the Company's shares would be delisted. The C

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DIRTT ENVIRONMENTAL SOLUTIONS LTD filing history →

Source: SEC EDGAR

accession 0000950170-23-046784

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