Getaround, Inc: Nasdaq/NYSE listing notice — Getaround receives NYSE non-compliance notice for stock price below $1.00

Getaround, Inc

NYSE notice on Jan 30 2023: average closing price <$1.00 over 30 trading days.
No immediate delisting; stock continues trading under GETR during 6-month cure period.
Company intends to cure, considering reverse stock split subject to shareholder approval.
Press release issued Feb 1 2023 confirming the notice and cure plan.

item 3.01 item 7.01 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 0.9

Getaround, Inc received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

January 30, 2023, Getaround, Inc. (the “Company”) received written notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice has no immediate effect on the listing of the Company’s common stock, which will continue to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing standards. In accordance with the NYSE Listed Company Manual

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Source: SEC EDGAR

accession 0001193125-23-020873

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