Novo Integrated Sciences, Inc.: Nasdaq/NYSE listing notice — Novo Integrated Sciences receives Nasdaq delisting notice for bid price non-compliance

Novo Integrated Sciences, Inc.

Closing bid price below $1.00 for 30 consecutive business days (Oct 10 - Nov 11, 2022).
Received Nasdaq notification on Nov 21, 2022; stock continues trading under NVOS.
Must regain compliance by May 22, 2023, with closing bid >= $1.00 for 10 consecutive days.
May qualify for additional 180-day cure period if other listing requirements are met.
Company will monitor bid price and consider options to regain compliance.

Key facts

Extracted from this filing and checked against the source text.

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

Novo Integrated Sciences, Inc. 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

November 21, 2022, Novo Integrated Sciences, Inc., a Nevada corporation (the “Company”), received a notification letter (the “Notification Letter”) from The Nasdaq Stock Market, LLC (“Nasdaq”) that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Nasdaq. Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency co

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Source: SEC EDGAR

accession 0001493152-22-033696

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