Avalon GloboCare Corp. (ALBT): Nasdaq/NYSE listing notice — Avalon GloboCare receives Nasdaq bid price deficiency notice; 180-day cure period to May 1, 2024

Avalon GloboCare Corp.

Nasdaq notified ALBT on Nov 3, 2023 that bid price closed below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until May 1, 2024, to regain compliance by closing at $1.00+ for 10 straight days.
If not compliant by May 1, 2024, Avalon may qualify for a second 180-day compliance period.
Failure to regain compliance could lead to delisting; company may appeal to a Nasdaq hearings panel.
No immediate impact on trading; management evaluating strategies to address the deficiency.

Key facts

Extracted from this filing and checked against the source text.

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

Avalon GloboCare Corp. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

November 3, 2023, Avalon GloboCare Corp. (the “Company”) received written notice (the “Notice”) from the Nasdaq Stock Market, LLC (“Nasdaq”) that the closing bid price for the Company’s common stock had been below $1.00 per share for the previous 30 consecutive business days, and that the Company is therefore not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. In accordanc

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Avalon GloboCare Corp. filing history →

Source: SEC EDGAR

accession 0001213900-23-085256

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