IMAC Holdings, Inc. (BACK): Nasdaq/NYSE listing notice — IMAC Holdings receives 180-day Nasdaq extension to regain minimum bid price compliance

IMAC Holdings, Inc.

Nasdaq granted extension until Sept 18, 2023, to meet minimum $1.00 bid price for 10 consecutive days.
Company previously failed to regain compliance by original deadline of March 20, 2023.
If not compliant by Sept 18, Nasdaq will delist BACK from Capital Market; appeal possible.
Management may consider a reverse stock split to boost share price above $1.00 threshold.
Extension has no immediate effect on trading; ticker BACK continues on Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

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

IMAC Holdings, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

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

Exact text from the filing

March 23, 2023, the Company received a letter from Nasdaq granting the Company’s request for a 180-day extension to regain compliance with the Minimum Bid Price Requirement (the “Extension Notice”). If at any time prior to September 18, 2023, the closing bid price of the Company’s common stock is at or above $1.00 for a minimum of 10 consecutive business days, Nasdaq will notify the Company that it is in compliance with the Minimum Bid Price Requirement and the matter will be closed. If compliance with the Minimum Bid Price Requirement cannot be demonstrated by September 18, 2023, Nasdaq will

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IMAC Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-008778

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