Tempo Automation Holdings, Inc.: Nasdaq/NYSE listing notice — Tempo Automation gets Nasdaq deficiency notice for bid price below $1.00

Tempo Automation Holdings, Inc.

Received Nasdaq letter on May 5, 2023 citing bid price below $1.00 for 30 consecutive business days.
Has 180 calendar days, until Nov 1, 2023, to regain compliance by closing at $1.00 for 10 consecutive days.
If not compliant by deadline, securities may be delisted; could appeal or transfer to Nasdaq Capital Market.
No immediate effect on listing or trading; company evaluating options to regain compliance.

Key facts

Extracted from this filing and checked against the source text.

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

Tempo Automation Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

May 5, 2023, Tempo Automation Holdings, Inc. (the “Company”) received a letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days prior to the date of the Letter, the closing bid price for the Company’s common stock, par value $0.0001 per share (“Common Stock”), was below the $1.00 per share requirement for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The Letter is only a notification of deficiency, not of im

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Source: SEC EDGAR

accession 0001104659-23-056732

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