Longeveron Inc. (LGVN): Nasdaq/NYSE listing notice — Longeveron receives Nasdaq minimum bid price deficiency notice

Longeveron Inc.

Nasdaq notified Longeveron on March 4, 2024, that Class A common stock failed to meet $1.00 minimum bid price for 30 consecutive days.
Company has 180 calendar days until August 31, 2024, to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not compliant by August 31, may get additional 180 days if it meets all other initial listing standards except bid price.
Stockholders authorized reverse stock split on February 21, 2024; Board has not yet determined a specific ratio.
If stock closes at $0.10 or less for 10 consecutive trading days before compliance date, Nasdaq can immediately suspend and delist.

Key facts

Extracted from this filing and checked against the source text.

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

Longeveron 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

March 4, 2024, Longeveron Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) that the Company’s Class A common stock (“Common Stock”) did not meet the $1.00 minimum bid price pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Notice does not result in the immediate delisting of the Company’s Common Stock and, pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has an initial period of 180 calendar days, or until August 31, 2024 (the “Compliance Date”), to regain complia

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Longeveron Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-020524

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