REPUBLIC AIRWAYS HOLDINGS INC. (RJET): Nasdaq/NYSE listing notice — Mesa Air Group receives Nasdaq deficiency notice for minimum bid price non-compliance

REPUBLIC AIRWAYS HOLDINGS INC.

Received Nasdaq Deficiency Letter on Nov 3, 2023 for bid price closing below $1.00 for 30 consecutive business days.
Company has 180 calendar days until May 1, 2024 to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not compliant by May 1, 2024, may get second 180-day period by transferring to Nasdaq Capital Market.
No immediate impact on listing; shares continue trading on Nasdaq Global Select under 'MESA'.
Company evaluating options to regain compliance but no assurance of success.

Key facts

Extracted from this filing and checked against the source text.

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

REPUBLIC AIRWAYS HOLDINGS INC. 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

November 3, 2023, Mesa Air Group, Inc. (the “Company”) received a notice in the form of a letter (“Deficiency Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) because the bid price for the Company’s shares of common stock had closed below $1.00 per share for the previous 30 consecutive business days (the “Minimum Bid Price Requirement”). The Deficiency Letter has no immediate impact on the listing of the Company’s shares of common stock, which wil

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REPUBLIC AIRWAYS HOLDINGS INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-060473

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