regulatory
confidence high
sentiment negative
materiality 0.80
Rigetti receives Nasdaq minimum bid price deficiency notice; 180-day cure period
Rigetti Computing, Inc.
- Received Nasdaq letter on Sept 16, 2024 for non-compliance with $1.00 minimum bid price rule.
- Compliance period until March 17, 2025; can cure if bid price >= $1.00 for 10 consecutive days.
- If not cured, may get additional 180 days or face delisting; shareholders approved 1-for-10 reverse split in June 2024.
- Board has discretion to implement reverse stock split to regain compliance.