AKUMIN INC.: Nasdaq/NYSE listing notice — Akumin receives Nasdaq delisting notice for bid price below $1; 180 days to cure

AKUMIN INC.

Closing bid price below $1 for 30 consecutive business days; compliance deadline October 16, 2023.
Company may seek reverse stock split if shareholders approve at June 7, 2023 meeting.
No immediate effect on listing; second 180-day compliance period possible if other requirements met.
Risk of delisting if not cured; intends to take all reasonable measures.

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

AKUMIN INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

April 19, 2023, Akumin Inc. (the “Company”) received a written notification (the “Notice”) from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price for its common stock had been below $1.00 for 30 consecutive business days and that the Company therefore is not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s common stock on the N

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Source: SEC EDGAR

accession 0001193125-23-110676

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