RAPID MICRO BIOSYSTEMS, INC. (RPID): Nasdaq/NYSE listing notice — Rapid Micro Biosystems receives Nasdaq delisting notice for bid price below $1.00

RAPID MICRO BIOSYSTEMS, INC.

Nasdaq notified RPID on Feb 2, 2024, that bid price closed below $1.00 for 30 consecutive business days (Dec 18, 2023 - Feb 1, 2024).
Company has 180 calendar days, until July 31, 2024, to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not cured by July 31, RPID may transfer to Nasdaq Capital Market for an additional 180-day compliance period.
Failure to regain compliance could result in delisting from Nasdaq; no immediate effect on listing.
RPID intends to monitor bid price and take measures to regain compliance, but no assurance of success.

Key facts

Extracted from this filing and checked against the source text.

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

RAPID MICRO BIOSYSTEMS, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

stock”) had closed below $1.00 per share for the thirty (30) consecutive business days (December 18, 2023 through February 1, 2024) and that the Company therefore is not in compliance with the minimum bid price requirement for continued inclusion on the Nasdaq Stock Market under Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The notification has no immediate effect on the listing of the Company’s common stock on Nasdaq. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days to regain compliance with the Bid Price Requirement, which wi

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Source: SEC EDGAR

accession 0001380106-24-000014

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