Rigetti Computing, Inc. (RGTI): Nasdaq/NYSE listing notice — Rigetti Computing receives Nasdaq bid price deficiency notice; 180 days to cure

Rigetti Computing, Inc.

On Jan 25, 2023, Nasdaq notified Rigetti its common stock closing bid price was below $1.00 for 30 consecutive business days.
Company has until July 24, 2023 to regain compliance by closing at $1.00 for at least ten consecutive business days.
If not cured by Compliance Date, may seek additional 180-day period if it meets other listing standards; considering reverse stock split.
Failure to cure could lead to delisting; company may appeal Nasdaq's determination to a hearings panel.
No assurance of regaining compliance with Bid Price Rule or maintaining Nasdaq listing.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Rigetti Computing, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

January 25, 2023, Rigetti Computing, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, LLC, (“Nasdaq”), indicating that, based on the closing bid price for the previous 30 consecutive business days, the listing of the Company’s common stock was not in compliance with Nasdaq Listing Rule 5550(a)(2) to maintain a minimum bid price of $1.00 per share (the “Bid Price Rule”). Nasdaq Listing Rule 5810(c)(3)(A) provides a compliance period of 180 calendar days, or until July 24, 2023 (the “Compliance Date”), to regain compliance. If at any t

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Rigetti Computing, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-017601

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