Zovio Inc: Nasdaq/NYSE listing notice — Zovio receives Nasdaq delisting notice, will not appeal; stock to cease trading Nov 10

Zovio Inc

Closing bid price under $1 for 30 consecutive business days triggered Nasdaq non-compliance.
Company elected not to appeal delisting, citing previously disclosed stockholder-approved dissolution.
Common stock will cease trading on Nasdaq after close on November 10, 2022.
Transfer agent instructed to close stock transfer records and discontinue recording transfers.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

Zovio Inc received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

November 1, 2022, Zovio Inc (the “Company”) received an expected written notification (the “Notice”) from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price for its common stock had been below $1.00 for 30 consecutive business days and that the Company therefore is not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In light of the Company's previously disclosed pending dissolution as authorized by the Company's stockholde

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Source: SEC EDGAR

accession 0001305323-22-000070

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