Talkspace, Inc. (TALK): Nasdaq/NYSE listing notice — Talkspace receives Nasdaq notice for bid price below $1.00; 180-day cure until May 17, 2023

Talkspace, Inc.

Nasdaq notified Talkspace that its common stock bid price closed below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until May 17, 2023, to regain compliance by having closing bid price >= $1.00 for 10 consecutive business days.
Talkspace may consider a reverse stock split to regain compliance, subject to stockholder approval at a special or annual meeting.
If compliance is not achieved by the deadline, Nasdaq may proceed with delisting.
Notice has no immediate effect on listing; stock trades on Nasdaq Capital Market under ticker TALK.

Key facts

Extracted from this filing and checked against the source text.

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

Talkspace, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

November 18, 2022, Talkspace, Inc. (the “ Company ”) received a letter from the Listing Qualifications Department (the “ Staff ”) of the Nasdaq Stock Market (“ Nasdaq ”) notifying the Company that, for the previous 30 consecutive business days, the bid price of the Company’s common stock had closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). The Nasdaq letter has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. In accordance w

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Talkspace, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-22-043048

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