Chrome Holding Co.: Nasdaq/NYSE listing notice — 23andMe receives Nasdaq deficiency notice for bid price below $1 for 30 days

Chrome Holding Co.

Stock price of Class A common stock (ME) below $1 for 30 consecutive trading days triggering non-compliance with Nasdaq Listing Rule 5450(a)(1).
Company has 180 calendar days from November 10, 2023 to regain compliance with the minimum bid price requirement.
No immediate effect on listing or trading; stock continues to trade on The Nasdaq Global Select Market under symbol ME.
Failure to cure within the grace period may result in delisting proceedings.

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

Chrome Holding Co. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

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

Exact text from the filing

November 10, 2023, 23andMe Holding Co. (the “Company”) received a deficiency letter (the “Nasdaq Letter”) from the Nasdaq Listing Qualifications Department, notifying the Company that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(1), which requires the Company to maintain a minimum bid price of at least $1 per share for continued listing on The Nasdaq Global Select Market (the “Minimum Bid Requirement”). The Company’s failure to comply with the Minimum Bid Requirement was based on the Company’s Class A common stock per share price being below the $1 threshold for a period o

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Source: SEC EDGAR

accession 0001193125-23-276010

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