Rezolute, Inc. (RZLT): Nasdaq/NYSE listing notice — Rezolute receives Nasdaq delisting notice for bid price below $1.00; has until May 20, 2024 to cure

Rezolute, Inc.

Nasdaq notice on Nov 21, 2023: closing bid below $1.00 for 30 consecutive trading days.
Company has 180 days (until May 20, 2024) to regain compliance by having bid ≥$1.00 for 10 consecutive days.
If not in compliance by May 20, 2024, may qualify for additional 180-day grace period if other listing requirements are met.
Company is evaluating options but cannot assure compliance will be achieved.
Delisting would materially and adversely affect Rezolute's ability to raise capital and its financial condition.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Rezolute, 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

November 21, 2023, Rezolute, Inc. (the “ Company ”) received a written notice (the “ Notice ”) from the Listing Qualifications Department of Nasdaq Stock Market (“ Nasdaq ”) indicating that, because the closing bid price for the Company’s common stock has fallen below $1.00 per share for 30 consecutive trading days, the Company was no longer in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “ Bid Price Requirement ”). The Notice has no immediate effect on the listing of the Company’s co

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Rezolute, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-120789

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