---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-054393"
form_type: "8-K"
ticker: null
cik: "0001834585"
company_name: "JOANN Inc."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:55:19.789357+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# JOANN receives Nasdaq bid-price deficiency notice; stock below $1.00 for 30 days

## Summary
- Nasdaq notice on Oct 19, 2023: closing bid price below $1.00 for 30 consecutive business days.
- Company has 180 days (until April 16, 2024) to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not cured, JOANN may apply for transfer to Nasdaq Capital Market for an additional 180-day cure period.
- Company also faces prior non-compliance notices from July 2023 for market value standards (deadline Jan 16, 2024).
- Management is exploring options but gives no assurance of regaining compliance with any Nasdaq criteria.

## SEC filing metadata
- accession: 0000950170-23-054393
- form_type: 8-K
- cik: 0001834585
- company_name: JOANN Inc.
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834585/000095017023054393/0000950170-23-054393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834585/000095017023054393/joan-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054393
- JSON: https://secwatch.observer/filing/0000950170-23-054393.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054393.txt

## Key facts
- Listing & Compliance Notices
  JOANN Inc. 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)
  source text: October 19, 2023 (the “Notice Date”), JOANN Inc. (the “Company”) received a written notice (the “Bid Price Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”), because the closing bid price of the Company’s common stock, par value $0.01 per share (the “Common Stock”), was below $1.00 per share for 30 consecutive business days. The Bid Price Notice provided tha
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834585/000095017023054393/0000950170-23-054393-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.