Vislink Technologies, Inc. (VISL): Nasdaq/NYSE listing notice — Vislink receives Nasdaq extension to May 15, 2023 for bid price compliance; proposes reverse stock split

Vislink Technologies, Inc.

Received additional 180-day grace period until May 15, 2023 to regain minimum bid price compliance.
Company noncompliant with Nasdaq Rule 5550(a)(2) since May 20, 2022 due to bid price below $1.00.
Plans reverse stock split (1-for-2 to 1-for-50) subject to stockholder approval at special meeting on January 11, 2023.
Failure to regain compliance may result in delisting; company would have appeal rights.

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

Vislink Technologies, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

November 17, 2022, the Company received a letter from Nasdaq advising that the Company had been granted an additional 180-day grace period extension until May 15, 2023 to regain compliance with the minimum bid price requirement and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the minimum bid price requirement. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance with the Rule, including initiating a reverse stock split. The Company has filed w

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Source: SEC EDGAR

accession 0001493152-22-032827

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