Polished.com Inc.: Nasdaq/NYSE listing notice — Polished.com receives NYSE American low-price deficiency notice; cure due March 13, 2024

Polished.com Inc.

Received NYSE American deficiency letter on Sep 13, 2023 for low stock price (Section 1003(f)(v)).
Must demonstrate sustained price improvement or effect reverse stock split by March 13, 2024.
Common stock (POL) continues trading but will carry ".BC" designation indicating below compliance.
No immediate delisting; company considering a reverse stock split subject to stockholder approval.
Deficiency letter does not affect operations or SEC reporting, but adds delisting risk factor.

item 3.01 item 8.01 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

Polished.com Inc. received a nyse_american deficiency notice notice regarding minimum bid price (rules 1003(f)(v)).

Exchange: nyse american
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 1003(f)(v)

Exact text from the filing

September 13, 2023, Polished.com Inc. (the “ Company ”) received a deficiency letter (the “ Deficiency Letter ”) from the NYSE American LLC (the “ NYSE American ”) indicating that the Company is not in compliance with the NYSE American continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide because its shares of common stock, par value $0.0001 per share (the “ Common Stock ”), have been selling at a low price per share for a substantial period of time. Pursuant to Section 1003(f)(v) of the NYSE American Company Guide, the NYSE American staff determined tha

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Source: SEC EDGAR

accession 0001213900-23-077084

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