Ascent Solar Technologies, Inc. (ASTI): Nasdaq/NYSE listing notice — Ascent Solar receives Nasdaq deficiency notice for bid price below $1.00 for 30 consecutive days

Ascent Solar Technologies, Inc.

Nasdaq notice on March 23, 2023: bid price below $1.00 for 30 consecutive business days ended March 22, 2023.
Company has 180 calendar days to regain compliance; bid must close at or above $1.00 for 10 consecutive days.
If not cured, company may qualify for an additional 180-day period by meeting other listing requirements and planning a reverse stock split.
Company is considering options, including a reverse stock split, to regain compliance with Nasdaq's bid price rule.
Notice does not affect SEC reporting obligations; Nasdaq delisting may be appealed to a Hearings Panel.

Key facts

Extracted from this filing and checked against the source text.

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

Ascent Solar Technologies, Inc. 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

March 23, 2023, Ascent Solar Technologies, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bid p

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Ascent Solar Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-000377

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