Gamida Cell Ltd.: Nasdaq/NYSE listing notice — Gamida Cell receives Nasdaq notice for minimum bid price non-compliance

Gamida Cell Ltd.

Closing bid price below $1.00 for 30 consecutive business days triggered Nasdaq Listing Rule 5450(a)(1) notice on Nov 20, 2023.
Company has 180 calendar days, until May 20, 2024, to regain compliance with a $1.00 closing bid for 10 consecutive days.
If not cured, may qualify for an additional 180-day period by transferring to The Nasdaq Capital Market if other requirements met.
Company plans to monitor share price and evaluate available options to address the bid price deficiency.

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 0.98

Gamida Cell Ltd. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

November 20, 2023, Gamida Cell Ltd. (the “ Company ”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that because the closing bid price for the Company’s ordinary shares was below $1.00 per share for the last 30 consecutive business days, the Company did not meet the $1.00 per share minimum bid price requirement of Nasdaq Listing Rule 5450(a)(1). This notice of noncompliance had no immediate impact on the continued listing or trading of the Company’s ordinary shares on The Nasdaq Global Market, which will continue

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Source: SEC EDGAR

accession 0001213900-23-089906

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