Corvex, Inc. (MOVE): Nasdaq/NYSE listing notice — Movano receives Nasdaq deficiency notice for bid price below $1.00

Corvex, Inc.

Nasdaq notice dated Nov 14, 2023: common stock bid price below $1.00 for 30 consecutive days.
Company has 180 days until May 13, 2024 to regain compliance by closing at $1.00+ for 10 consecutive days.
If non-compliant by May 13, 2024, may seek a second 180-day grace period if other listing standards met.
Failure to regain compliance could lead to delisting from Nasdaq Capital Market.
Management evaluating actions to cure deficiency; no assurance of regaining compliance.

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 0.99

Corvex, 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

November 14, 2023, Movano 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 common stock

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Corvex, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-088348

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