Nasdaq warns DHC of non-compliance with $1.00 minimum bid price; 180-day cure period

DIVERSIFIED HEALTHCARE TRUST

Received Nasdaq notice on Jan 19, 2023: common shares bid price below $1.00 for 30+ consecutive business days.
Has until July 18, 2023 to regain compliance: closing bid price must be >= $1.00 for 10 consecutive business days.
May qualify for a second 180-day grace period if it meets all other initial listing standards except bid price.
Company is evaluating options to regain compliance; delisting could negatively impact stock price and capital raising ability.

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