Quantum Computing Inc. (QUBT): Nasdaq/NYSE listing notice — Quantum Computing receives Nasdaq delisting notice for bid price below $1.00

Quantum Computing Inc.

Deficiency notice received May 13, 2024 due to closing bid below $1.00 for 31 consecutive business days.
Company has until Nov. 11, 2024 to regain compliance under Nasdaq Rule 5810(c)(3)(A).
To comply, closing bid must be at least $1.00 for a minimum of 10 consecutive business days.
Nasdaq notice does not currently affect listing or trading of QUBT common stock.
Company is evaluating alternatives to resolve the listing deficiency.

Key facts

Extracted from this filing and checked against the source text.

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

Quantum Computing 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 13, 2024, Quantum Computing Inc. (the “Company”) received a deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price for its common stock has been below $1.00 per share for 31 consecutive business days. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of such notice, or until November 11, 2024, to regain compliance with the minimum bid price requirement. To regain compli

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Source: SEC EDGAR

accession 0001213900-24-044724

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