---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-073836"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T06:01:16.044241+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FTC Solar receives Nasdaq non-compliance notice for bid price below $1.00

## Summary
- Nasdaq notified FTC Solar on Dec 22, 2023 that stock bid price was below $1.00 for 30 consecutive business days.
- Company has 180 days, until June 19, 2024, to regain compliance by closing at $1.00 for 10 consecutive days.
- If not compliant by June 19, 2024, company may be eligible for additional 180-day period by transferring to Nasdaq Capital Market.
- Company is considering options including a reverse stock split to cure the deficiency.

## SEC filing metadata
- accession: 0000950170-23-073836
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2023-12-29T23:59:59+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/1828161/000095017023073836/0000950170-23-073836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000095017023073836/ftci-20231222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-073836
- JSON: https://secwatch.observer/filing/0000950170-23-073836.json
- Plain text: https://secwatch.observer/filing/0000950170-23-073836.txt

## Key facts
- Listing & Compliance Notices
  FTC Solar, 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)
  source text: December 22, 2023, FTC Solar, Inc. (the “Company”) received notification from 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), because the closing bid price of the Company’s common stock (the “Common Stock”) was below $1.00 per share for 30 consecutive business days. The notification does not impact the listing of the Company’s Common Stock on the Nasdaq Global Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017023073836/0000950170-23-073836-index.htm

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