MINERVA SURGICAL INC: Nasdaq/NYSE listing notice — Minerva Surgical receives Nasdaq non-compliance notice for MVPHS deficiency

MINERVA SURGICAL INC

Notice received Dec 28, 2022: MVPHS below $5M minimum for 31 consecutive business days.
Compliance period of 180 days until June 23, 2023 to regain compliance.
To regain compliance, MVPHS must close at $5M for at least 10 consecutive business days.
If compliance not regained by deadline, the company may face delisting from Nasdaq Global Market.
Company intends to monitor MVPHS and evaluate options to regain 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

MINERVA SURGICAL INC received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(1)(C), 5810(c)(3)(D)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(1)(C), 5810(c)(3)(D)

Exact text from the filing

December 28, 2022, Minerva Surgical, Inc. (“Minerva” or the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the minimum Market Value of Publicly Held Shares (“MVPHS”) of $5,000,000 under the Nasdaq Listing Rules (the “Listing Rules”). Based on the Company’s MVPHS for the last thirty-one (31) consecutive business days from November 11, 2022 to December 27, 2022, the Company no longer meets the minimum MVPHS requirement set forth in Listing Rule 5450(b)(1)(C).

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Source: SEC EDGAR

accession 0001193125-22-315486

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