Greenbrook TMS Inc.: Nasdaq/NYSE listing notice — Greenbrook TMS receives final Nasdaq delisting notice; shares to be suspended Feb 26, 2024

Greenbrook TMS Inc.

Received final Nasdaq delisting notice on Feb 22, 2024 for failure to meet $1.00 bid price and stockholders' equity requirements.
Trading of common shares (GBNH) will be suspended at open on Feb 26, 2024.
Company will not appeal; intends to quote shares on OTC Markets as soon as practical.
Nasdaq will file Form 25-NSE to remove shares from listing and SEC registration.

item 3.01 item 7.01 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 0.95

Greenbrook TMS Inc. received a nasdaq delisting notice notice regarding other (rules 5550(a)(2), 5550(b)).

Exchange: nasdaq
Notice: delisting notice
Rules: 5550(a)(2), 5550(b)

Exact text from the filing

February 22, 2024, Greenbrook TMS Inc. (the “ Company ”) received the final delisting notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“ Nasdaq ”) due to the continued failure to satisfy either the $1.00 minimum bid price listing requirement in Nasdaq Listing Rule 5550(a)(2) or the minimum stockholders’ equity requirements in Nasdaq Listing Rule 5550(b). Nasdaq has notified the Company that trading of its common shares (the “ Common Shares ”) will be suspended as of the open of trading on February 26, 2024. After careful consideration, the Company determined th

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Source: SEC EDGAR

accession 0001104659-24-026866

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