Alternus Clean Energy, Inc. (ALCE): Nasdaq/NYSE listing notice — Alternus Clean Energy receives Nasdaq deficiency notice for bid price below $1; 180-day cure period until Sept 16, 2024

Alternus Clean Energy, Inc.

Closing bid price below $1.00 for 30 consecutive business days triggered Nasdaq non-compliance notice.
Initial compliance period expires September 16, 2024; stock continues trading on Nasdaq during this time.
To regain compliance, closing bid price must be at least $1.00 for 10 consecutive business days.
If not cured by Sept 16, Company may qualify for a second 180-day grace period if it meets other listing standards.
Company says it will monitor bid price and consider available options, including a reverse stock split.

Key facts

Extracted from this filing and checked against the source text.

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

Alternus Clean Energy, 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 20, 2024, Alternus Clean Energy, Inc. (the “Company”) received a letter (the “Notice”) from The Nasdaq Stock Market notifying the Company that, because the closing bid price for its common stock has been below $1.00 per share for 30 consecutive business days, it no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”), and Listing Rule 5810(c)(3)(A) provides that a failure to meet the Minimu

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Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-024444

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