Aterian, Inc. (ATER): Nasdaq/NYSE listing notice — Aterian receives Nasdaq minimum bid price deficiency notice; 180 days to cure

Aterian, Inc.

Nasdaq notified Aterian on April 24, 2023 that its common stock bid price was below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until October 23, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2).
To regain compliance, closing bid price must be at or above $1.00 for at least 10 consecutive business days.
If not cured by Oct 23, 2023, Nasdaq may grant a second 180-day period if other listing standards are met.
Failure to cure could lead to delisting; Company may appeal to a Nasdaq hearings panel.

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 0.9

Aterian, 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

April 24, 2023, Aterian, Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock, par value $0.0001 per share (“Common Stock”), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Notice”). The Bid Price Notice has no immediate effect o

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Aterian, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-011673

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