Workhorse Group Inc. (WKHS): Nasdaq/NYSE listing notice — Workhorse Group receives Nasdaq delisting notice for bid price below $1.00

Workhorse Group Inc.

Received Nasdaq notice on Sept 22, 2023 for non-compliance with $1.00 minimum bid price for 30 consecutive trading days.
180-day compliance period ends March 20, 2024; must have closing bid >= $1.00 for 10 consecutive days.
Company evaluating actions but no assurance of regaining compliance or securing extension.
If not compliant by March 20, may get additional 180 days if other listing standards met.
Delisting would materially impair ability to raise capital and harm financial condition.

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

Workhorse Group 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

September 22, 2023, Workhorse Group Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of Nasdaq Stock Market (“Nasdaq”) indicating that, because the closing bid price for the Company’s common stock has fallen below $1.00 per share for 30 consecutive trading days, the Company was no longer in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s com

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Workhorse Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-078802

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