Boxlight Corp (BOXL): Nasdaq/NYSE listing notice — Nasdaq grants Boxlight additional 180-day grace period to meet $1 bid price rule

Boxlight Corp

Approved on Jan 3, 2023; compliance deadline extended to July 3, 2023.
Must close at $1.00 or more for 10 consecutive business days before July 3, 2023.
Initial deficiency notice received July 2022; first grace period ended Jan 2, 2023.
Failure to comply by July 3, 2023 will trigger Nasdaq delisting process; company may appeal.
Company intends to monitor bid price and consider available options to regain 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

Boxlight Corp received a nasdaq extension granted notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

January 3, 2023, the Company received formal approval from Nasdaq granting it an additional 180 days, or until July 3, 2023 (the “Compliance Date”), to regain compliance with the Bid Price Requirement. If at any time before the Compliance Date the closing bid price for the Company’s Common Stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the Bid Price Requirement. If the Company does not regain compliance with the Bid Price Requirement by the Compliance Date, the Staff will provide written notifica

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Source: SEC EDGAR

accession 0001104659-23-000652

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