Markforged Holding Corp: Nasdaq/NYSE listing notice — Markforged receives NYSE delisting warning for share price below $1.00 average

Markforged Holding Corp

NYSE notified Markforged on Nov 17, 2023 of noncompliance with Rule 802.01C for minimum average closing price over 30 trading days.
Company has 6-month cure period; must close at $1.00+ on last trading day of any month and maintain 30-day average of $1.00.
Markforged intends to notify NYSE of its cure plan and may pursue a reverse stock split, subject to shareholder approval.
No immediate delisting; common stock continues trading on NYSE during the cure period.

item 3.01 item 7.01 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 0.99

Markforged Holding Corp received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

November 17, 2023, Markforged Holding Corporation (the “Company”) received written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with Rule 802.01C of the NYSE’s Listed Company Manual (“Rule 802.01C”) relating to the minimum average closing price of the Company’s common stock required over a consecutive 30 trading-day period. The notice has no immediate effect on the listing of the Company’s common stock, which will continue to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing standards. In accord

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Source: SEC EDGAR

accession 0000950170-23-065129

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