National CineMedia, Inc. (NCMI): Nasdaq/NYSE listing notice — National CineMedia gets Nasdaq notice: stock below $1.00 bid price; 180 days to comply

National CineMedia, Inc.

Received Nasdaq notice on Oct 28, 2022 for failing to meet $1.00 minimum bid price continued listing rule.
Has 180 calendar days, until April 26, 2023, to regain compliance by closing at $1.00+ for 10 consecutive days.
If not cured, Company may seek additional 180-day period on Nasdaq Capital Market or face delisting with appeal rights.
Evaluating options including reverse stock split, subject to stockholder vote at special or 2023 annual meeting.

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

National CineMedia, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

October 28, 2022, National CineMedia, Inc (the “Company”) received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Global Market, as set forth in Listing Rule 5450(a)(1) (the “Bid Price Rule”). In accordance with Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until April 26, 2023, to regain compliance with the Bid Price Rule. To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

National CineMedia, Inc. filing history →

Source: SEC EDGAR

accession 0001377630-22-000151

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