ContextLogic Inc.: Nasdaq/NYSE listing notice — ContextLogic (WISH) receives Nasdaq bid price deficiency notice; 180 days to comply

ContextLogic Inc.

Received Nasdaq notice on Oct 28, 2022 for bid price below $1.00 for 30 consecutive business days.
Has 180 calendar days, until April 26, 2023, to regain compliance by closing at $1.00+ for 10 consecutive business days.
May qualify for additional 180-day period if transferred to Nasdaq Capital Market and meets requirements.
Company considering options including reverse stock split; no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

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

ContextLogic Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

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

Exact text from the filing

October 28, 2022, ContextLogic Inc. (the “Company”) received written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s Class A common stock (the “Common Stock”) has closed below the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of the Common Stock, which continues to trade on the Nasdaq Gl

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Source: SEC EDGAR

accession 0001193125-22-272638

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