TREVENA INC: Nasdaq/NYSE listing notice — Trevena receives Nasdaq bid price deficiency notice; 180 days to regain compliance

TREVENA INC

Received Nasdaq notice on Sept 1, 2023 for bid price below $1.00 for 30 consecutive business days.
Stock continues trading under TRVN on Nasdaq Capital Market.
Has 180 days, until Feb 28, 2024, to regain compliance by closing at $1.00 for 10 consecutive days.
If not compliant by Feb 28, may be eligible for additional 180-day period if meets other listing standards and intends reverse split.
Company monitoring options; no assurance of regaining 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

TREVENA INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

September 1, 2023, Trevena, Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market indicating that, for the last 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share required for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The Notice has no effect at this time on the listing of the Company’s common stock, which will continue to trade on The Nasdaq Capital Market under the sy

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.7

TREVENA INC received a nasdaq extension granted notice regarding minimum bid price (rules 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)

Exact text from the filing

September 1, 2023, Trevena, Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market indicating that, for the last 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share required for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The Notice has no effect at this time on the listing of the Company’s common stock, which will continue to trade on The Nasdaq Capital Market under the sy

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-097788

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