OLB GROUP, INC. (OLB): Nasdaq/NYSE listing notice — OLB Group receives Nasdaq bid-price deficiency notice; 180-day cure period to Nov 13, 2023

OLB GROUP, INC.

Notice from Nasdaq dated May 16, 2023 for failure to maintain $1.00 minimum closing bid price for 30 consecutive business days.
Company has 180 calendar days, until November 13, 2023, to regain compliance under Nasdaq Rule 5810(c)(3)(A).
Compliance can be achieved if closing bid price is $1.00 or more for at least 10 consecutive business days during grace period.
If not compliant by deadline, Nasdaq will issue a delisting notice; company may appeal.

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

May 16, 2023, 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 November 13, 2023, to regain compliance. If, at any time during the 180-day grace period, our closing bid price is

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Source: SEC EDGAR

accession 0001213900-23-041577

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