Edgio, Inc.: Nasdaq/NYSE listing notice — Edgio transfers to Nasdaq Capital Market after bid price non-compliance; gets extra time

Edgio, Inc.

Listing transferred from Nasdaq Global Select to Capital Market effective Oct 20, 2023; ticker remains EGIO.
Non-compliant since April 27, 2023 with $1.00 minimum bid price for 30 consecutive business days.
Transfer grants an extended compliance period to regain bid price >= $1.00 for 10 consecutive trading days.
If compliance not met within extension, common stock subject to delisting by Nasdaq.
Q3 2023 financial results to be filed by November 9, 2023; conference call to follow.

item 3.01 item 8.01 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

Edgio, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

April 27, 2023, that for the preceding 30 consecutive business days, the closing bid price of its common stock was below $1.00 per share and therefore the Company did not comply with the minimum closing bid price requirement for continued listing on the Nasdaq Global Select Market under Nasdaq Listing Rule 5450(a)(1). The Company was given a compliance period of 180 calendar days, or until October 25, 2023, to regain compliance with the minimum bid price requirement. However, in connection with the transfer to the Nasdaq Capital Market, the Company will be eligible for an additional compliance

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Source: SEC EDGAR

accession 0001193125-23-264190

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