AMARIN CORP PLCUK (AMRN): Nasdaq/NYSE listing notice — Amarin receives Nasdaq deficiency notice for bid price below $1.00

AMARIN CORP PLCUK

ADS closing bid price below $1.00 for 30 consecutive business days triggers deficiency letter.
Company has 180 days, until April 29, 2024, to regain compliance with Nasdaq Bid Price Rule.
Regain compliance if bid price closes at $1.00 or more for 10 consecutive business days.
If not compliant by deadline, company may transfer to Nasdaq Capital Market for second 180-day period.

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

AMARIN CORP PLCUK 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

October 30, 2023, Amarin Corporation plc (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s American Depositary Shares (“ADSs”), each representing one ordinary share of the Company, has been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The Nasdaq deficiency letter ha

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Source: SEC EDGAR

accession 0000950170-23-058858

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