Quantum Computing Inc. (QUBT): Nasdaq/NYSE listing notice — Quantum Computing receives Nasdaq deficiency notice; stock below $1 for 30 days

Quantum Computing Inc.

Nasdaq notified QUBT on Nov 16, 2023 that bid price closed below $1.00 for 30 consecutive business days.
Company has 180 days (until May 14, 2024) to regain compliance by closing at $1.00+ for 10 consecutive days.
No immediate impact on listing or trading of common stock; company evaluating options.
Public disclosure required under Nasdaq Rule 5810(b) and Item 3.01(a) of Form 8-K.

Key facts

Extracted from this filing and checked against the source text.

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

Quantum Computing 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 16, 2023, Quantum Computing Inc. (the “Company”) received a deficiency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the bid price for the Company’s common stock had closed below $1.00 per share for the previous 30 consecutive business days. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company can regain compliance with the minimum bid price requirement at any time within the 180 calendar day period following receipt of the Na

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Source: SEC EDGAR

accession 0001213900-23-089859

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