Equillium, Inc. (EQ): Nasdaq/NYSE listing notice — Equillium receives Nasdaq bid price deficiency notice; has until Oct 2, 2023 to regain compliance

Equillium, Inc.

Nasdaq notified Equillium on April 5, 2023 that its common stock bid price closed below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until October 2, 2023, to regain compliance by closing at $1.00 or more for 10 consecutive business days.
If not compliant by Oct 2, Equillium may transfer to Nasdaq Capital Market for an additional 180-day cure period, subject to meeting other listing standards.
Company is considering available options, including a reverse stock split, to cure the deficiency.
Non-compliance has no immediate effect on listing or trading of EQ common stock on Nasdaq Global Market.

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

Equillium, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

April 5, 2023, Equillium, Inc. (the “Company”) received a notice from The Nasdaq Stock Market (“Nasdaq”) that the Company is not in compliance with Nasdaq’s Listing Rule 5450(a)(1), as the minimum bid price of the Company’s common stock has been below $1.00 per share for 30 consecutive business days. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Global Market. The Company has 180 days, or until October 2, 2023, to regain compliance with the minimum bid price requirement. To regain compliance, the minimum bid pric

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Equillium, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-093949

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