SYNLOGIC, INC. (SYBX): Nasdaq/NYSE listing notice — Synlogic receives Nasdaq delisting notice over sub-$1 bid price

SYNLOGIC, INC.

Nasdaq notified Synlogic on Dec 6, 2022, that bid price was below $1.00 for 30 consecutive business days.
Company has 180-day grace period until June 5, 2023, to regain compliance.
To comply, bid price must close at $1.00 or higher for at least 10 consecutive business days.
Failure to regain compliance by deadline may lead to delisting; company can appeal.
Synlogic is considering alternatives, including a potential reverse stock split.

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

SYNLOGIC, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

December 6, 2022, Synlogic, Inc. (the “Company”) received a written notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock, par value $0.001 per share, (the “Common Stock”) for the last 30 consecutive business days, the Common Stock did not meet the minimum bid price of $1.00 per share required by Nasdaq Listing Rule 5450(a)(1), initiating an automatic 180 calendar-day grace period for the Company to regain compliance. The notice has no immediate effect on the listing or trading of the Company’s Common Stock

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SYNLOGIC, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-301870

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