OTONOMY, INC.: Nasdaq/NYSE listing notice — Otonomy receives Nasdaq delisting notice for low bid price; intends to request hearing

OTONOMY, INC.

On Nov 14, 2022, Nasdaq Staff determined to delist OTIC due to closing bid price below $0.10 for 10 consecutive days.
The delisting is based on Nasdaq Listing Rule 5810(c)(3)(A)(iii).
Otonomy intends to request a hearing before the Nasdaq Hearings Panel to stay delisting.
No assurances exist that a stay or favorable decision will be granted.

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

OTONOMY, INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)(iii)

Exact text from the filing

November 14, 2022, Otonomy, Inc. (the “Company”) received notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Staff has determined to delist the Company’s securities unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Staff’s determination was due to the Company’s securities having a closing bid price of less than $0.10 per share for the preceding ten consecutive trading days, in contravention of Nasdaq Listing Rule 5810(c)(3)(A)(iii). The Company intends to timely request a hearin

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Source: SEC EDGAR

accession 0001193125-22-289025

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