AlerisLife Inc.: Nasdaq/NYSE listing notice — AlerisLife receives Nasdaq notice of non-compliance with $1.00 minimum bid price rule

AlerisLife Inc.

Nasdaq notification on Nov 7, 2022 that AlerisLife common stock bid price closed below $1.00 for 30 consecutive business days.
Company has 180 days, until May 8, 2023, to regain compliance; bid price must close at $1.00+ for 10 consecutive business days.
If not compliant by May 8, 2023, may be eligible for a second 180-day grace period if other listing standards are met.
Company is evaluating options to regain compliance; failure could lead to delisting from Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

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

AlerisLife Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

November 7, 2022, AlerisLife Inc. (the “Company”) received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that, for the last 30 consecutive business days, the bid price of its shares of common stock, par value $0.01 per share (“common shares”), had closed below $1.00 per common share, which is the minimum required closing bid price for continued listing on Nasdaq pursuant to Listing Rule 5550(a)(2). Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 days, or until May 8, 2023, to regain compliance with the minimum bid price continued listing s

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Source: SEC EDGAR

accession 0001104659-22-117185

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