Big Digital Energy, Inc. (BGDE): Nasdaq/NYSE listing notice — Mawson Infrastructure receives Nasdaq bid price deficiency notice; 180 days to cure

Big Digital Energy, Inc.

Nasdaq notified Mawson on Oct 4, 2023 it is not compliant with the $1.00 minimum bid price rule (Listing Rule 5550(a)(2)).
Company has 180 calendar days, until April 1, 2024, to regain compliance by closing at $1.00+ for 10 consecutive business days.
The notice is a deficiency notification, not a delisting; MIGI common stock continues trading on Nasdaq.
Mawson intends to monitor bid price and may consider options to regain compliance; failure could lead to delisting and appeal rights.
Stock trades under symbol MIGI; risk of delisting if not cured within compliance period or any extension.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

Big Digital Energy, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 4, 2023, Mawson Infrastructure Group Inc. (the “Company”) received written notice (“The Bid Price Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). In accordance with Nasdaq Listing Rule 5810-2(c)(3)(A), the Company has a period of 180 calendar days, or until April 1, 2024, to regain compliance with the Bid Price Rule. To regain compliance, the closing bid price of the

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Source: SEC EDGAR

accession 0001171843-23-006134

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