DYNATRONICS CORP: Nasdaq/NYSE listing notice — Dynatronics receives Nasdaq notice for failing $1 minimum bid price; has until Dec 2023 to cure

DYNATRONICS CORP

Received Nasdaq deficiency notice on June 26, 2023 for closing bid price below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until December 26, 2023, to regain minimum bid price compliance.
Compliance can be regained if bid price closes at $1.00 or more for at least ten consecutive business days.
If not compliant by deadline, may qualify for additional grace period if meeting other Nasdaq listing standards.
Company intends to monitor bid price and consider options; no specific plan yet.

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

DYNATRONICS CORP received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

June 26, 2023, Dynatronics Corporation (the "Company") received written notice ("Letter") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") informing the Company that the closing bid price of its common stock (the "Common Stock") for the last 30 consecutive business days prior to the date of the Letter failed to comply with the $1.00 per share minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The Letter has no immediate effect on the Common Stock listing or trading on Nasdaq. Nasdaq indicated t

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Source: SEC EDGAR

accession 0001062993-23-014076

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