regulatory
confidence high
sentiment negative
materiality 0.60
Atreca, Inc.: Nasdaq/NYSE listing notice — Atreca (BCEL) receives Nasdaq deficiency notice for bid price below $1.00; has 180 days to regain compliance
Atreca, Inc.
- On Sep 7, 2023, average closing price of Class A common stock fell below $1.00 for 30 consecutive days, violating Nasdaq Listing Rule 5450(a)(1).
- Company has 180-day grace period until March 6, 2024, to close at $1.00 or higher for at least 10 consecutive business days.
- If not compliant by March 6, 2024, may qualify for an additional 180-day period by meeting other listing standards and indicating intent to effect a reverse stock split.
- No immediate effect on trading; stock continues to trade on Nasdaq under symbol BCEL.