PROJECT SAGE OLDCO, INC.: Nasdaq/NYSE listing notice — Sientra receives Nasdaq deficiency notices for bid price below $1.00 and MVPHS below $15M

PROJECT SAGE OLDCO, INC.

Nasdaq notified Sientra on Dec 14, 2023 that bid price was below $1.00 for 30 consecutive days.
MVPHS of common stock was below $15M for 30 consecutive business days as of Dec 14.
Company has 180 calendar days, until June 11, 2024, to regain compliance with both requirements.
If not compliant by June 11, Sientra may transfer to Nasdaq Capital Market or face delisting.
Company will monitor bid price and MVPHS and consider available options to cure deficiencies.

Key facts

Extracted from this filing and checked against the source text.

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

PROJECT SAGE OLDCO, INC. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(3)(C), 5810(c)(3)(D)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(3)(C), 5810(c)(3)(D)

Exact text from the filing

December 14, 2023, Sientra, Inc. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.01 per share (the “Common Stock”), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price

View on SEC.gov

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

PROJECT SAGE OLDCO, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

December 14, 2023, Sientra, Inc. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.01 per share (the “Common Stock”), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price

View on SEC.gov

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Source: SEC EDGAR

accession 0001213900-23-097328

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