CYREN Ltd.: Nasdaq/NYSE listing notice — Cyren receives Nasdaq delisting notice for bid price below $1.00; 180-day compliance period through June 27, 2023

CYREN Ltd.

Nasdaq notified Cyren on Dec 29, 2022 that its bid price closed below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until June 27, 2023, to regain compliance by closing at $1.00+ for 10 consecutive business days.
Shares continue trading on Nasdaq under CYRN; a second 180-day compliance period may be available if other listing standards are met.
Cyren intends to take all reasonable measures to regain compliance, but no assurance of success is given.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

CYREN Ltd. 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

December 29, 2022, Cyren Ltd. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) informing the Company that because the closing bid price for the Company’s ordinary shares listed on the Nasdaq Capital Market was below $1.00 per share for 30 consecutive business days prior to the date of the Notice, the Company does not meet the minimum closing bid requirement for continued listing on the Nasdaq Capital Market set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. This notification has no immediate effect on

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Source: SEC EDGAR

accession 0001213900-22-084035

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