Edgio, Inc.: Nasdaq/NYSE listing notice — Edgio receives Nasdaq deficiency notice for bid price below $1.00

Edgio, Inc.

Received Nasdaq notice on April 27, 2023 for non-compliance with minimum $1.00 bid price requirement.
Stock continues trading under EGIO on Nasdaq; 180-day compliance period ends October 25, 2023.
To regain compliance, bid price must close at $1.00 or more for at least 10 consecutive business days.
If not compliant by Oct 25, Edgio may qualify for a second 180-day period if it meets other listing standards.
Failure could lead to delisting; company may appeal to Nasdaq Hearings Panel.

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

Edgio, 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 27, 2023, Edgio, Inc. (“Edgio” or the “Company”) received a notification letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the previous 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on the Nasdaq Global Select Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The Notice has no effect at this time on the Company’s common stock, which continues to trade on T

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Source: SEC EDGAR

accession 0001193125-23-130745

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