secwatch / observer
8-K filed June 13, 2023, 7:59 PM ET CIK 0000811240
regulatory confidence high sentiment negative materiality 0.90

BIOLASE, INC: Nasdaq/NYSE listing notice — BIOLASE receives Nasdaq delisting notice; stock bid price below $0.10 for 10 days

BIOLASE, INC

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 0.95

BIOLASE, INC received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange
nasdaq
Notice
delisting notice
Deficiency
minimum bid price
Rules
5550(a)(2)
Exact text from the filing
June 8, 2023, the Company was notified by the Listing Qualifications Staff (the “Staff”) of Nasdaq that the Company did not meet the minimum closing bid price requirement of $1.00 for continued listing, as set forth in Nasdaq Listing Rule 5550(a)(2), as the Staff has determined that as of June 8, 2023, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days, from May 24, 2023 through June 7, 2023. As such, the Staff has determined to delist the Company’s common stock from the Nasdaq Capital Market and to suspend trading of the common stock at the open
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Source: SEC EDGAR
accession 0001193125-23-166031
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