Core Scientific, Inc./tx (CORZ): Nasdaq/NYSE listing notice — Core Scientific receives Nasdaq bid price deficiency notice; stock below $1 for 30 days

Core Scientific, Inc./tx

Closing bid price of common stock (CORZ) below $1.00 for 30 consecutive business days violates Listing Rule 5450(a)(1).
Initial compliance period ends June 12, 2023; must have bid price ≥ $1.00 for 10 consecutive days to regain compliance.
Company may be eligible for additional 180-day grace period if it meets other listing standards and provides notice of intent to cure.
No immediate effect on listing; company evaluating options to regain compliance but no assurance of success.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Core Scientific, Inc./tx 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 13, 2022, Core Scientific, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s common stock, par value $0.0001 per share (the “Common Stock”), has fallen below $1.00 per share for 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued inclusion on The Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). This Notice has no immed

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19 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Core Scientific, Inc./tx filing history →

Source: SEC EDGAR

accession 0001193125-22-307393

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