Allakos Inc.: Nasdaq/NYSE listing notice — Allakos receives Nasdaq deficiency notice for bid price below $1.00 per share

Allakos Inc.

Received Nasdaq letter on March 12, 2025, for non-compliance with minimum bid price of $1.00 per share.
Closing bid price below $1.00 for 30 consecutive business days ended March 11, 2025.
Has 180 days (until Sept 8, 2025) to regain compliance; stock must close at $1.00+ for 10 consecutive days.
If not cured, may transfer to Nasdaq Capital Market for additional 180-day cure period, subject to eligibility.
Company intends to monitor and evaluate options, but no assurance of regaining compliance.

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

Allakos 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)

Exact text from the filing

March 12, 2025, Allakos Inc. (the “Company”) received a letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of shares of the Company’s common stock for the 30 consecutive business day period between January 27, 2025, through March 11, 2025, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on the Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1). The letter also indicated that the Company will be provided with a compliance period

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Source: SEC EDGAR

accession 0000950170-25-038775

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