Renalytix plc (RNLXY): Nasdaq/NYSE listing notice — Renalytix receives Nasdaq deficiency notices for bid price and market value

Renalytix plc

ADS closing bid below $1.00 for 30+ consecutive days, violating Minimum Bid Price Requirement.
Market value of listed securities below $50M threshold for continued Nasdaq Global Market listing.
Company has 180-day compliance period until June 19, 2024 to cure both deficiencies.
Failure may lead to delisting or transfer to Nasdaq Capital Market with additional cure period.
Company will monitor and may pursue options to regain compliance; no assurance of success.

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

Renalytix plc received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

December 22, 2023, Renalytix plc (the “Company”) received two written notices (the “Notices”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that (i) because the closing bid price for the Company’s American Depositary Shares (“ADSs”), each representing two ordinary shares, nominal value £0.0025 per share, was below $1.00 per ADS for at least 30 consecutive business days, the Company did not meet the $1.00 per ADS minimum bid price requirement of Nasdaq Listing Rule 5450(a)(1) the (“Minimum Bid Price Requirement”) and (ii) it is not in

View on SEC.gov

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

Renalytix plc 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

December 22, 2023, Renalytix plc (the “Company”) received two written notices (the “Notices”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that (i) because the closing bid price for the Company’s American Depositary Shares (“ADSs”), each representing two ordinary shares, nominal value £0.0025 per share, was below $1.00 per ADS for at least 30 consecutive business days, the Company did not meet the $1.00 per ADS minimum bid price requirement of Nasdaq Listing Rule 5450(a)(1) the (“Minimum Bid Price Requirement”) and (ii) it is not in

View on SEC.gov

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Renalytix plc filing history →

Source: SEC EDGAR

accession 0001193125-23-305948

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