REMARK HOLDINGS, INC.: Nasdaq/NYSE listing notice — Remark Holdings receives Nasdaq delisting notice for bid price below $1.00

REMARK HOLDINGS, INC.

Closing bid price below $1.00 for 31 consecutive business days as of September 6, 2023.
180-day compliance period ends March 4, 2024; need $1.00 close for 10 consecutive business days.
If not compliant, may get second 180-day period or face delisting with hearing process.
Company may consider reverse stock split to regain compliance.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

REMARK HOLDINGS, 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

September 6, 2023, Remark Holdings, Inc. (“we” or “our”) received a letter from The Nasdaq Stock Market (“Nasdaq”) stating that we were not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Rule”), requiring listed securities to maintain a minimum bid price of $1.00 per share because our closing bid price for the last 31 consecutive business days was below $1.00 per share. The notification received has no immediate effect on our continued listing on the Nasdaq Capital Market, subject to our compliance with the other continued listing requirements. Pursuant to the Rule, we have 180 calend

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Source: SEC EDGAR

accession 0001368365-23-000073

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