TREVENA INC: Nasdaq/NYSE listing notice — Trevena receives Nasdaq delisting notice; hearing scheduled for May 2, 2024

TREVENA INC

Nasdaq notified Trevena on March 1, 2024 it fails minimum bid price and $5M equity requirements.
Trevena requested a hearing on March 5, 2024, staying delisting pending panel decision.
Panel hearing is scheduled for May 2, 2024 at 10:00 a.m. via video conference.
Trevena will submit a compliance plan but warns of no assurance the panel will grant continued listing.
Stock close below $1.00 for over 30 consecutive business days; monitoring options if price remains low.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

TREVENA 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

March 5, 2024, the Company submitted a request for a hearing to appeal the Staff’s delisting determination. In response to the Company’s request for a hearing, on March 5, 2024, the Company received a letter from Nasdaq granting the Company’s request for a hearing on appeal and staying the delisting action noted in the Staff’s letter pending a final decision by the Panel and the expiration of any additional extension period granted by the Panel following the hearing. The Panel hearing is scheduled for May 2, 2024, at 10:00 a.m. via video conference. The Company intends to submit a plan to the

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Source: SEC EDGAR

accession 0001104659-24-031524

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