regulatory
confidence high
sentiment negative
materiality 0.90
YIELD10 BIOSCIENCE, INC.: Nasdaq/NYSE listing notice — Yield10 Bioscience gets Nasdaq deficiency letter for equity of $1.143M, below $2.5M minimum
YIELD10 BIOSCIENCE, INC.
- Received Nasdaq deficiency letter on May 18, 2023 for failing minimum stockholders' equity requirement.
- Stockholders' equity reported at $1,143,000 as of March 31, 2023, well below the $2.5M threshold.
- Must submit a compliance plan by July 3, 2023; Nasdaq may grant up to 180-day extension if plan accepted.
- No immediate effect on listing; company can appeal a rejected plan to Nasdaq Hearings Panel.
- Company intends to submit plan and explore options but cannot assure regaining compliance.