OLENOX INDUSTRIES INC. (OLOX): Nasdaq/NYSE listing notice — Safe & Green Holdings receives Nasdaq deficiency notice for bid price below $1.00

OLENOX INDUSTRIES INC.

Notice received Nov 7, 2023; stock failed to maintain $1.00 minimum bid for 30 consecutive business days.
Company has 180 calendar days, until May 6, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2).
Compliance can be achieved if closing bid price is $1.00 or higher for at least ten consecutive business days.
If not compliant by May 6, 2024, company may be eligible for additional time if it meets other listing standards.
Intends to consider options including a reverse stock split to cure deficiency.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

OLENOX INDUSTRIES 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

November 7, 2023, Safe & Green Holdings Corp. (the “Company”) received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the preceding 30 consecutive business days (September 26, 2023 through November 6, 2023), the Company’s common stock did not maintain a minimum closing bid price of $1.00 (“Minimum Bid Price Requirement”) per share as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company’s common stock and the common stock will continue to tr

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OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-085553

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