2U, Inc.: Nasdaq/NYSE listing notice — 2U receives Nasdaq notice for bid price below $1.00; has 180 days to regain compliance

2U, Inc.

Nasdaq notified 2U on March 14, 2024 that its common stock bid price was below $1.00 for 30 consecutive business days.
Company has until September 10, 2024 (180 calendar days) to cure the deficiency.
To regain compliance, stock must close at $1.00+ for at least 10 consecutive business days.
2U may consider a reverse stock split to address the bid price deficiency.
Shares continue trading on Nasdaq under symbol TWOU during the compliance period.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

2U, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

March 14, 2024, 2U, Inc. (the “Company”) received a letter 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 closing bid price for the Company’s common stock, par value $0.001 per share (the “Common Stock”), was below the $1.00 per share minimum required for continued listing on Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Rule”). The notification has no immediate effect on the listing of the Common Stock, which continues

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Source: SEC EDGAR

accession 0001459417-24-000014

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