Stronghold Digital Mining, Inc.: Nasdaq/NYSE listing notice — Stronghold Digital Mining receives Nasdaq minimum bid price deficiency notice; 180-day cure period through May 29, 2023

Stronghold Digital Mining, Inc.

Nasdaq notified Stronghold on Nov 30 that its common stock failed to maintain $1.00 minimum bid price for 30 consecutive business days.
Company has 180 calendar days, until May 29, 2023, to regain compliance by closing at $1.00+ for 10 consecutive business days.
Stock continues trading on Nasdaq Global Market under symbol 'SDIG' with no immediate impact on listing.
Management may consider a reverse stock split or other actions to regain compliance, but no assurance of success.
If compliance not achieved, Nasdaq may delist the stock; Company can appeal any delisting determination.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Stronghold Digital Mining, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

November 30, 2022, Stronghold Digital Mining, Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s Class A common stock, par value $0.0001 per share, (the “Common Stock”) for the last 30 consecutive business days, the Common Stock did not meet the minimum bid price of $1.00 per share required by Nasdaq Listing Rule 5450(a)(1), initiating an automatic 180 calendar-day grace period for the Company to regain compliance. The notice has

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Source: SEC EDGAR

accession 0001140361-22-044590

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