Tempest Therapeutics, Inc. (TPST): Nasdaq/NYSE listing notice — Tempest Therapeutics receives Nasdaq bid price deficiency notice, 180 days to comply

Tempest Therapeutics, Inc.

Nasdaq notified TPST on Sept 6, 2023 that bid price closed below $1.00 for 30 consecutive days.
Company has 180 calendar days, until March 4, 2024, to regain compliance.
To comply, closing bid must be at least $1.00 for a minimum of ten consecutive business days.
If not compliant by March 4, 2024, TPST may seek an additional 180-day period if eligible.
Company states it will monitor bid price and evaluate options, including a reverse stock split.

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

Tempest Therapeutics, 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

September 6, 2023, Tempest Therapeutics, Inc., a Delaware corporation (the “Company”), received a letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the bid price of the Company’s common stock had closed below $1.00 per share, the minimum closing bid price required by the continued listing requirements of Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company’s common stock on the Nasdaq Stock Market. In accordance with

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Tempest Therapeutics, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-231557

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