Precipio, Inc. (PRPO): Nasdaq/NYSE listing notice — Precipio receives Nasdaq notice of non-compliance with $1.00 bid price rule

Precipio, Inc.

Closing bid price per share below $1.00 for 30 consecutive business days as of October 28, 2022.
Nasdaq granted 180 calendar days, until April 26, 2023, to regain compliance with Bid Price Rule.
To regain, closing bid price must be ≥ $1.00 for at least ten consecutive business days.
If unable to cure, company may qualify for a second 180-day grace period subject to additional conditions.
Company says it will evaluate actions including reverse stock split but cannot assure 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

Precipio, 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

October 28, 2022, Precipio, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that for the past 30 consecutive business days, the closing bid price per share of its common stock was below the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). As a result, the Company was notified by Nasdaq that it is not in compliance with the Bid Price Rule. Nasdaq has provided the Company with 180 calendar days, or until April 26, 2023, to regain c

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Precipio, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-113021

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