Canoo Inc.: Nasdaq/NYSE listing notice — Canoo receives Nasdaq delisting notice for bid price below $1.00

Canoo Inc.

Received Nasdaq notice on March 27, 2023, for bid price below $1.00 for 30 consecutive days.
Has until September 25, 2023 to regain compliance with $1.00 minimum bid price for 10 consecutive days.
If not compliant, may transfer to Nasdaq Capital Market for an additional 180-day grace period.
Management considering options; no immediate effect on listing.

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 0.95

Canoo Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

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

Exact text from the filing

March 27, 2023, Canoo, Inc. (the “ Company ”) received a written notice (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, because the closing bid price for the Company’s common stock has fallen below $1.00 per share for 30 consecutive business days (February 9, 2023 through March 24, 2023), the Company no longer complies with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Select Market (the “ Bid Price Requirement ”). The Notice has no immediate

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Source: SEC EDGAR

accession 0001213900-23-025434

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