DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF): Nasdaq/NYSE listing notice — DIRTT gets 180-day extension to meet Nasdaq bid price rule; shares transferred to Capital Market

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Nasdaq granted additional 180 days, until Sep 5, 2023, to regain compliance with minimum $1.00 bid price for 10 consecutive business days.
Common shares transferred to Nasdaq Capital Market effective March 9, 2023.
Company may consider a reverse stock split to cure the bid price deficiency.
Business operations and customer commitments remain unaffected per company statement.

Key facts

Extracted from this filing and checked against the source text.

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

DIRTT ENVIRONMENTAL SOLUTIONS LTD received a nasdaq extension granted notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

March 7, 2023, Nasdaq notified the Company in writing that while the Company had not regained compliance with the Bid Price Rule, it was eligible for an additional 180 calendar day period, or until September 5, 2023, to regain compliance with the Bid Price Rule. Nasdaq’s determination was based on the Company having met the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, with the exception of the Bid Price Rule, and on the Company’s written notice to Nasdaq of its intention to cure th

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Source: SEC EDGAR

accession 0001193125-23-069152

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