MIND TECHNOLOGY, INC (MIND): Nasdaq/NYSE listing notice — MIND Technology receives Nasdaq delisting notice over bid price; plans appeal and reverse split vote

MIND TECHNOLOGY, INC

Nasdaq notified MIND on July 25, 2023 that it failed to regain $1 minimum bid compliance during extended period.
Trading suspension scheduled for August 3, 2023 unless company appeals by August 1, 2023.
Company intends to appeal to a Hearings Panel, which will stay suspension pending decision.
Reverse stock split proposal to regain compliance will be voted on at annual meeting on August 30, 2023.
Company had previously transferred to Nasdaq Capital Market and was granted additional 180-day compliance period.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

MIND TECHNOLOGY, INC received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(ii), 5800).

Exchange: nasdaq
Notice: compliance regained
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(ii), 5800

Exact text from the filing

and registration on Nasdaq. The Company intends to appeal such determination by submitting a hearing request to a Hearings Panel (the “Panel”), prior to the deadline at 4:00 p.m. Eastern Time on August 1, 2023 noted in the Delisting Letter, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. Such hearing request will stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. At the hearing, the Company plans to note that at its annual meeting of stockholders, to be held on August 30, 2023 (the “2023 Annual Meeting”)

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Source: SEC EDGAR

accession 0001437749-23-021045

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