Venus Concept Inc.: Nasdaq/NYSE listing notice — Venus Concept transfers to Nasdaq Capital Market, gets 180-day extension to cure bid price deficiency

Venus Concept Inc.

Failed to regain $1.00 minimum bid price by Dec 12, 2022 initial compliance deadline.
Nasdaq granted additional 180 days (until June 12, 2023) and approved transfer to Capital Market effective Dec 14, 2022.
Company may effect a reverse stock split to regain compliance; shares continue under symbol VERO.
If not compliant by extended deadline, Nasdaq will delist; Company may appeal to a hearings panel.
Nasdaq's determination based on meeting all other listing standards except bid price.

Key facts

Extracted from this filing and checked against the source text.

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

Venus Concept Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

minimum of 10 consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it complies with the Bid Price Requirement, unless the Staff exercises its discretion to extend this 10 day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Company does not regain compliance with the Bid Price Requirement by the Extended Compliance Date, the Staff will provide written notification to the Company that its common stock will be delisted. At that time, the Company may appeal the Staff’s delisting determination to a N

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Source: SEC EDGAR

accession 0001140361-22-045537

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