ShiftPixy, Inc.: Nasdaq/NYSE listing notice — ShiftPixy receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period

ShiftPixy, Inc.

Notice from Nasdaq on Sept 15, 2023: bid price below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until March 13, 2024, to regain compliance.
If bid price closes at $1.00+ for 10 consecutive days, compliance confirmed.
If not cured by deadline, may get 180-day extension if other listing standards met.
Failure to cure may lead to delisting; stock could be at risk if bid price falls to $0.10 or less for 10 days.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

ShiftPixy, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

September 15, 2023, ShiftPixy, Inc. (the “Company”) received a letter from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), which notifies the Company that, for the previous 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 Capital Market under Nasdaq’s Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The notification of noncompliance has no immediate effect on the listing or trading of the Company’s commo

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Source: SEC EDGAR

accession 0001477932-23-006937

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