Assure Holdings Corp.: Nasdaq/NYSE listing notice — Assure Holdings receives Nasdaq delisting notice for bid price and equity non-compliance; plans appeal

Assure Holdings Corp.

Received Nasdaq determination letter on Jan 24, 2024 for failing to regain minimum bid price ($1.00) compliance by Jan 22, 2024.
Also not compliant with $2.5M stockholders' equity requirement; extension until Jan 22, 2024 not satisfied.
Company plans to appeal and request hearing by Jan 31, 2024; hearing stays delisting pending Panel decision.
No assurance Panel will grant continued listing; delisting could impair capital raising and trigger defaults.

Key facts

Extracted from this filing and checked against the source text.

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

Assure Holdings 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 24, 2024, the Company received a determination letter (the “Determination Letter”) from the Staff stating that it had not regained compliance with Listing Rule 5550(a)(2) and is not eligible for a second 180 day period to regain compliance. The Company may appeal the Staff’s determination, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series, no later than 4:00 pm Eastern Time on January 31, 2024. The Company plans to timely file such an appeal and request a hearing (the “Hearing”) before a Nasdaq Hearing Panel (the “Panel”). A Hearing request will stay any delis

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Source: SEC EDGAR

accession 0001104659-24-008352

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