Cipher Digital Inc. (CIFR): Nasdaq/NYSE listing notice — Cipher Mining receives Nasdaq deficiency notice for bid price below $1.00

Cipher Digital Inc.

Received Nasdaq letter on Dec 15, 2022 for closing below $1.00 per share for 30 consecutive business days.
Has 180 days, until June 13, 2023, to regain compliance with minimum bid price rule.
Compliance can be regained if bid price closes at $1.00 or more for 10 consecutive business days.
If not compliant by June 13, may transfer to Nasdaq Capital Market and consider reverse stock split.
No immediate effect on listing; common stock continues trading on Nasdaq under symbol CIFR.

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

Cipher Digital 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 15, 2022, Cipher Mining Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, since the Company’s common stock (the “Common Stock”) had closed below Nasdaq’s $1.00 per share minimum bid price requirement for 30 consecutive business days, the Company no longer complies with Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”) for continued listing. The Nasdaq deficiency letter has no immediate effect on the listing of the Common Stock and it will continue to trade on Nasdaq under the

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Cipher Digital Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-310098

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