DYNATRONICS CORP: Nasdaq/NYSE listing notice — Dynatronics gets Nasdaq extension to June 24, 2024 to cure bid price deficiency

DYNATRONICS CORP

Received additional 180-day grace period until June 24, 2024 to regain minimum bid price compliance.
Shareholders approved reverse stock split (1:5 to 1:10) at Dec 7, 2023 meeting; board may implement.
Must close at or above $1.00 for 10 consecutive business days to regain compliance.
If not cured by June 24, 2024, Nasdaq will issue delisting notice; company may appeal.
Company evaluating options to meet the bid price requirement; no assurance of success.

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 0.95

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

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

December 27, 2023, the Company received notice from Nasdaq indicating that, while the Company had not regained compliance with the Minimum Bid Price Requirement, the Staff had determined that the Company was eligible for an additional 180 calendar day period, or until June 24, 2024, to regain compliance (the " Second 180 Day Compliance Period "). The Staff indicated that its determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, with the ex

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Source: SEC EDGAR

accession 0001062993-23-023270

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