Lucy Scientific Discovery, Inc.: Nasdaq/NYSE listing notice — Lucy Scientific Discovery gets Nasdaq deficiency notice for bid price below $1.00

Lucy Scientific Discovery, Inc.

Received Nasdaq deficiency letter on Sept 21, 2023 for non-compliance with $1.00 minimum bid price.
Company has 180 calendar days, until March 19, 2024, to regain compliance.
To regain compliance, closing bid must be at least $1.00 for 10 consecutive business days.
If not compliant by March 19, 2024, may qualify for a second 180-day period if other standards met.
If delisted, expects common stock to trade on OTC Markets Group.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Lucy Scientific Discovery, 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

September 21, 2023, Lucy Scientific Discovery, Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock, no par value per share (the “Common Stock”), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Min

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Source: SEC EDGAR

accession 0001213900-23-079908

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