ALLIANCE ENTERTAINMENT HOLDING CORP (AENT): Nasdaq/NYSE listing notice — Alliance Entertainment receives Nasdaq bid price deficiency notice; has until July 3, 2024 to regain compliance

ALLIANCE ENTERTAINMENT HOLDING CORP

Nasdaq notified on Jan 5, 2024 that AENT's closing bid price was below $1.00 for 30 consecutive trading days.
Company has 180 calendar days (until July 3, 2024) to achieve bid price >= $1.00 for 10 consecutive days.
If not compliant by July 3, a second 180-day period may be available if other listing standards are met.
From Jan 4 through Jan 11, 2024, the closing bid price has met or exceeded $1.00 per share.
Potential cure includes reverse stock split; delisting risk remains if compliance is not regained.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

ALLIANCE ENTERTAINMENT HOLDING 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

January 5, 2024, Alliance Entertainment Holding Corporation (the “Company”) received written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) that, for the last 30 consecutive trading days, the closing bid price for the Company’s Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the N

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

ALLIANCE ENTERTAINMENT HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001104659-24-003327

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