Casa Systems Inc: Nasdaq/NYSE listing notice — Casa Systems receives Nasdaq bid price deficiency notice; has 180 days to cure

Casa Systems Inc

Common stock closing bid price below $1.00 for 30 consecutive business days (Aug 8 – Sep 25, 2023).
Company has until March 25, 2024 to regain compliance by closing at $1.00+ for 10 consecutive days.
If not cured by March 2024, may transfer to Nasdaq Capital Market for additional 180-day cure period.
Failure to regain compliance could lead to delisting; company states it will monitor and take measures.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Casa Systems 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

closed below $1.00 per share for thirty (30) or more consecutive business days (August 8, 2023 through September 25, 2023) and that the Company therefore is not in compliance with the minimum bid price requirement for continued inclusion on the Nasdaq Global Select Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The notification has no immediate effect on the listing of the Company’s common stock on Nasdaq. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days to regain compliance with the Bid Price Requirement, which wi

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Source: SEC EDGAR

accession 0001193125-23-247380

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