Casa Systems Inc: Nasdaq/NYSE listing notice — Casa Systems to be delisted from Nasdaq on April 5 after failing bid price rule

Casa Systems Inc

Nasdaq staff notified company of delisting for non-compliance with $1 minimum bid price requirement.
Company had 180-day grace period ending March 25, 2024, but failed to regain compliance.
Company does not intend to appeal; trading suspension and delisting effective April 5, 2024.
Form 25-NSE will be filed with SEC to remove securities from listing and registration.

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

Casa Systems Inc received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1)).

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

Exact text from the filing

March 27, 2024, Casa Systems, Inc. (the “Company”) received a letter (the “Letter”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company’s common stock would be delisted, based upon the Company’s non-compliance with the $1.00 bid price requirement for continued listing on the Nasdaq Global Select Market, as set forth in Nasdaq Listing Rules 5450(a)(1) (the “Bid Rule”). The Letter stated that the Company’s common stock would be scheduled for delisting at the opening of business on April 5, 2024, unless the Company timely requests a heari

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Source: SEC EDGAR

accession 0001193125-24-084927

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