other material
confidence high
sentiment negative
materiality 0.55
22nd Century Group receives Nasdaq deficiency notice for bid price below $1.00
22nd Century Group, Inc.
- Nasdaq notified company on July 16, 2024 that stock failed to meet $1.00 minimum bid price for 30 consecutive business days.
- No immediate impact on listing or trading; company has 180 days, until January 13, 2025, to regain compliance.
- If stock closes at or above $1.00 for 10 consecutive business days during cure period, deficiency will be cured.
- If not cured by Jan 13, 2025, company may qualify for a second 180-day period if it meets other listing standards.