ALPINE SUMMIT ENERGY PARTNERS, INC.: Nasdaq/NYSE listing notice — Alpine Summit receives Nasdaq deficiency notice for bid price below $1.00

ALPINE SUMMIT ENERGY PARTNERS, INC.

May 25, 2023 deficiency letter: ALPS closing bid below $1.00 for 30 consecutive business days.
Company has 180 calendar days (until Nov 21, 2023) to regain compliance by closing at $1.00+ for 10 consecutive days.
May consider a reverse stock split to cure the bid-price deficiency.
If non-compliant by Nov 21, may be eligible for an additional 180-day period under certain conditions.
Trading on Nasdaq continues under symbol ALPS with no immediate effect on listing.

Key facts

Extracted from this filing and checked against the source text.

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

ALPINE SUMMIT ENERGY PARTNERS, 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

May 25, 2023, Alpine Summit Energy Partners, Inc. (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 Class A subordinate voting shares has been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement"). The Nasdaq deficiency letter has no immediate effect on the lis

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Source: SEC EDGAR

accession 0001062993-23-012473

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