authID Inc. (AUID): Nasdaq/NYSE listing notice — authID receives Nasdaq deficiency notice for bid price below $1.00; 180 days to regain compliance

authID Inc.

Closing bid price below $1.00 for 30 consecutive business days triggers Nasdaq notice under Listing Rule 5550(a)(2).
Compliance period ends July 24, 2023; can regain if bid price ≥ $1.00 for 10 consecutive business days.
If not cured, may qualify for additional 180-day period subject to meeting other listing standards.
Company intends to monitor bid price and consider available options; delisting risk remains if unable to comply.

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

authID 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

January 25, 2023, authID Inc. (the “Company”) received notice from The Nasdaq Stock Market (“Nasdaq”) that the closing bid price for the Company’s common stock had been below $1.00 per share for the previous 30 consecutive business days, and that the Company is therefore not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Rule”). Nasdaq’s notice has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market. The notice indicates that the Company wil

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Source: SEC EDGAR

accession 0001213900-23-006412

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