INSPIRE VETERINARY PARTNERS, INC. (IVPR): Nasdaq/NYSE listing notice — Inspire Veterinary receives Nasdaq delisting notice; stock bid price $0.10 or less for 10 days

INSPIRE VETERINARY PARTNERS, INC.

On March 8, 2024, Nasdaq issued a Staff Determination to delist IVP because closing bid price was $0.10 or less for 10+ consecutive trading days.
Company intends to appeal by March 15, 2024, which would stay delisting pending a hearing (approx. 30-45 days later).
Previously, on Nov 27, 2023, company received a deficiency letter for bid price below $1.00 for 30 consecutive days.
Company plans a reverse stock split to regain compliance with both the Low Priced Stocks Rule and Bid Price Rule; no assurance of success.

Key facts

Extracted from this filing and checked against the source text.

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

INSPIRE VETERINARY PARTNERS, INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)(iii)

Exact text from the filing

March 8, 2024, Inspire Veterinary Partners, Inc. (the “Company”) received a staff determination from The Nasdaq Stock Market (“Nasdaq”) to delist the Company’s securities from the Nasdaq Capital Market (the “Staff Determination”). The Staff Determination was issued because, as of March 7, 2024, the Company’s securities had a closing bid price of $0.10 or less for at least ten consecutive trading days. Accordingly, the Company is subject to the provisions contemplated under Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”). The Company may appeal the Staff Determination, however, t

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INSPIRE VETERINARY PARTNERS, INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-021744

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