iSpecimen Inc. (ISPC): Nasdaq/NYSE listing notice — iSpecimen (ISPC) gets Nasdaq delisting notice for bid price below $1/share

iSpecimen Inc.

Nasdaq notice on Oct 9, 2023; stock failed $1 minimum bid price for 30 consecutive business days.
180-day compliance period until April 8, 2024; stock must close at >=$1 for 10 consecutive days.
If not cured by April 8, 2024, may request additional 180 days with reverse stock split if needed.
Failure to regain compliance could lead to delisting; company intends to monitor and consider options.

Key facts

Extracted from this filing and checked against the source text.

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

iSpecimen 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

October 9, 2023, iSpecimen Inc., a Delaware corporation (the “Company”) received a deficiency notice from The Nasdaq Stock Market (“Nasdaq”) informing the Company that its common stock, par value $0.0001 per share (the “Common Stock”), fails to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Common Stock for the 30 consecutive business days prior to the date of the notice from Nasdaq. Nasdaq’s notice has no immediate effect on the listing of the Common Stock on The Nasd

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iSpecimen Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-108368

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