BNB PLUS CORP. (BNBX): Nasdaq/NYSE listing notice — APDN receives Nasdaq bid price non-compliance notice; cure period ends May 29, 2024

BNB PLUS CORP.

Nasdaq notified APDN that its common stock bid price closed below $1.00 for 30 consecutive business days through Nov 30, 2023.
Company has 180 calendar days, until May 29, 2024, to regain compliance by closing at $1.00 for at least 10 consecutive business days.
If not cured, APDN may be eligible for a second 180-day period if it meets other listing standards and intends to cure via reverse stock split.
APDN may consider a reverse stock split or other options to regain compliance with the minimum bid price rule.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

BNB PLUS CORP. 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

December 1, 2023, Applied DNA Sciences, Inc. (the “Company”) received written notice (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement e

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Source: SEC EDGAR

accession 0001104659-23-123962

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