TAO Synergies Inc. (TAOX): Nasdaq/NYSE listing notice — Synaptogenix receives Nasdaq delisting notice for bid price below $1.00

TAO Synergies Inc.

Nasdaq notified Synaptogenix on April 24, 2023 that its stock failed to maintain minimum $1.00 closing bid price for 30 consecutive days.
Company has a 180-day grace period, until October 23, 2023, to regain compliance; stock continues trading under SNPX.
Compliance can be achieved if closing bid price is at least $1.00 for 10 consecutive business days within the grace period.
If non-compliance continues after October 23, 2023, Synaptogenix may seek additional time by meeting other listing standards and notifying Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

TAO Synergies 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

April 24, 2023, Synaptogenix, Inc. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the preceding 30 consecutive business days, the Company’s common stock did not maintain a minimum closing bid price of $1.00 per share as required by Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The notice has no immediate effect on the listing or trading of the Company’s common stock, and the common stock will continue to trade on The Nasdaq Capital Market under the symbol “SNPX”

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

TAO Synergies Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-053140

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