LogicMark, Inc. (LGMK): Nasdaq/NYSE listing notice — LogicMark receives Nasdaq deficiency notice for bid price below $1.00

LogicMark, Inc.

Nasdaq notified LogicMark on May 8, 2024, for failing Minimum Bid Price Requirement; 30-day non-compliance.
Company has 180-day compliance period until November 4, 2024, to regain compliance.
If bid price closes at $1.00+ for 10 consecutive days, Nasdaq will confirm compliance.
Possible second 180-day period if meets other initial listing standards and provides written notice.
LogicMark evaluating measures to regain compliance; delisting risk remains if unsuccessful.

Key facts

Extracted from this filing and checked against the source text.

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

LogicMark, 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

May 8, 2024, LogicMark, Inc. (the “Company”) received a written notification from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), as the Company’s closing bid price for its common stock, par value $0.0001 per share (“Common Stock”), was below $1.00 per share for the prior thirty (30) consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until November 4, 2024 (the “Compliance Period”), to re

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LogicMark, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-041718

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