Ever-Glory International Group, Inc.: Nasdaq/NYSE listing notice — Ever-Glory receives Nasdaq bid-price deficiency notice; has until May 3, 2023 to cure

Ever-Glory International Group, Inc.

Stock closed below $1.00 for 30 consecutive business days, violating Listing Rule 5550(a)(2).
Compliance deadline is May 3, 2023; can cure with $1.00 minimum bid for 10 consecutive days.
If not cured, may be eligible for additional 180 days subject to other listing standards and intent to reverse-split.
Listing remains active pending the cure period; no immediate impact on trading.

Key facts

Extracted from this filing and checked against the source text.

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

Ever-Glory International Group, 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

of The NASDAQ Stock Market LLC (“ Nasdaq ”) notifying the Company that the minimum bid price per share for its common stock has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company’s common stock on Nasdaq. Under the Nasdaq Listing Rules, the Company has until May 3, 2023 to regain compliance. If at any time during such 180-day period the closing bid price of the Company’s common stock

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Source: SEC EDGAR

accession 0001213900-22-072663

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