CYANOTECH CORP (CYAN): Nasdaq/NYSE listing notice — Cyanotech receives Nasdaq bid-price deficiency notice; 180 days to cure

CYANOTECH CORP

Bid price closed below $1.00 for 30 consecutive business days as of August 10, 2023.
Compliance period runs until February 6, 2024; could qualify for a second 180-day period.
If not cured, Staff may delist stock; Company can appeal to Nasdaq Hearings Panel.
No assurance of regaining compliance or maintaining other Nasdaq listing requirements.

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

August 10, 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 in

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

CYANOTECH CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-023349

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