22nd Century Group, Inc. (XXII): Nasdaq/NYSE listing notice — 22nd Century Group receives Nasdaq deficiency notice for bid price below $1.00

22nd Century Group, Inc.

Received deficiency letter on Nov 7, 2023 for failing Minimum Bid Price Requirement (closing bid below $1.00 for 31 consecutive business days).
Must close at $1.00 or more for at least 10 consecutive business days by May 6, 2024 to regain compliance.
If not compliant by May 6, 2024, may qualify for a second 180-day cure period if other listing standards are met.
Company intends to monitor bid price and consider available 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

22nd Century Group, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

November 7, 2023, 22nd Century Group, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department indicating that for the last 31 consecutive business days the Company’s common stock did not maintain a minimum closing bid price of $1.00 per share (the “Minimum Bid Price Requirement”) for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. Under Nasdaq Listing Rule 5810(c)(3)

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

22nd Century Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-116466

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