CYANOTECH CORP (CYAN): Nasdaq/NYSE listing notice — Cyanotech receives Nasdaq bid price deficiency notice; 180 days to regain $1.00 minimum

CYANOTECH CORP

Nasdaq notified Cyanotech on May 2, 2023 that bid price closed below $1.00 for 30 consecutive business days.
Company has until October 30, 2023 to regain compliance with Bid Price Rule 5550(a)(2).
Compliance can be achieved if bid price closes at $1.00 or more for 10 consecutive business days before deadline.
If not compliant by Oct 30, Cyanotech may qualify for a second 180-day period if it meets other listing requirements.
Failure to regain compliance could lead to delisting from Nasdaq Capital Market; appeal rights exist.

Key facts

Extracted from this filing and checked against the source text.

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

CYANOTECH CORP 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

May 2, 2023, Cyanotech Corporation (the “Company”) received a notification letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on the Nasdaq under Nasdaq Listing Rule 5550(a)(2) (“Bid Price Rule”). The Notice provided that, in accordance with the Nasdaq Listing Rule 5810(c)(3)(A) (the Compliance Period Rule), the Company has an initia

View on SEC.gov

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

CYANOTECH CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-013008

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.