Precipio, Inc. (PRPO): Nasdaq/NYSE listing notice — Precipio granted 180-day extension from Nasdaq to regain $1.00 minimum bid compliance

Precipio, Inc.

Nasdaq granted extension until October 23, 2023 to meet $1.00 closing bid for 10 consecutive days.
Non-compliance with Bid Price Rule initially notified October 28, 2022; previous deadline was April 26, 2023.
Management cites Q1 2023 preliminary results and expects ~$22M revenue run rate supporting share price above $1.00.
No immediate effect on Nasdaq Capital Market listing or common stock trading.

item 3.01 item 9.01

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 extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

April 27, 2023, Nasdaq notified us that we are eligible for an extension to comply with the Bid Price Rule until October 23 2023, by which date we must evidence compliance for at least ten consecutive business days. If compliance cannot be demonstrated by October 23, 2023, Nasdaq will provide written notification that our common stock will be delisted. In the event of such a notification, we may appeal Nasdaq’s determination, but there can be no assurance Nasdaq would grant any such request for continued listing. The Company is presently evaluating various courses of action to regain complianc

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Precipio, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-051492

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