DELCATH SYSTEMS, INC. (DCTH): Nasdaq/NYSE listing notice — Delcath receives Nasdaq notice of non-compliance with $35M market value rule

DELCATH SYSTEMS, INC.

Received Nasdaq letter on Oct 26, 2022 for failing to maintain minimum market value of $35M over 30 consecutive business days.
Has 180 calendar days, until April 24, 2023, to regain compliance; stock continues trading on Nasdaq during this period.
Company may also regain compliance by meeting the alternative equity standard of at least $2.5M in stockholders' equity.
If not compliant by April 2023, may qualify for an additional 180-day period subject to meeting other listing standards.

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 0.95

DELCATH SYSTEMS, INC. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

October 26, 2022, Delcath Systems, Inc. (the “Company”) received a letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the requirement to maintain a minimum market value of listed securities of $35 million, as set forth in Nasdaq Listing Rule 5550(b)(2) (the “Market Value Standard”) , because the market value of the Company’s common stock (the “Common Stock”) was below $35 million for 30 consecutive business days. The market value of the Common Stock is calculated based upon the most re

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DELCATH SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-272626

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