OLB GROUP, INC. (OLB): Nasdaq/NYSE listing notice — OLB Group receives Nasdaq deficiency notice for bid price below $1.00 per share

OLB GROUP, INC.

Received Nasdaq notice on Dec 15, 2022, for failing to maintain minimum $1.00 close for 30 consecutive business days.
Has 180 calendar days (until June 13, 2023) to regain compliance by closing at $1.00 or more for 10 straight days.
If not regained, Nasdaq may delist; company can appeal the determination.
Common stock continues trading on Nasdaq Capital Market during the cure period.

Key facts

Extracted from this filing and checked against the source text.

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

OLB GROUP, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

December 15, 2022, The OLB Group, Inc. (“we”, “us” or “our”) received written notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) notifying us that, for a period of 30 consecutive business days, we failed to maintain a minimum closing bid price of $1.00 as required for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Listing Rule 5550(a)(2). In accordance with NASDAQ Listing Rule 5810(c)(3)(A), we have 180 calendar days, or until June 13, 2023, to regain compliance. If, at any time during the 180-day grace period, our closing bid price i

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OLB GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001213900-22-081605

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