ISUN, INC.: Nasdaq/NYSE listing notice — iSun receives Nasdaq delisting notice for bid price below $1 for 30 consecutive days

ISUN, INC.

Received Delisting Notice from Nasdaq on May 16, 2023 for failing to meet minimum bid price of $1 per share over 30 consecutive business days.
180-day cure period granted; compliance can be regained if closing bid price ≥ $1 for at least 10 consecutive business days.
Company may request additional extension at Nasdaq's discretion if it demonstrates ability to cure.
Delisting notice does not affect business operations or SEC reporting requirements.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

ISUN, 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

May 16, 2023,iSun, Inc. (the “Company”) received notice (the “Delisting Notice”) from The Nasdaq Stock Market (“Nasdaq”) that it is no longer in compliance with Listing Rule 5550(a)(2) (the “Bid Price Requirement”), which requires listed securities to maintain a minimum bid price of $1 per share over a period of 30 consecutive business days. Pursuant to Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days following the receipt of the Delisting Notice to regain compliance with the Bid Price Requirement, with the possibility of extension at the discretion of Nasdaq. The Comp

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Source: SEC EDGAR

accession 0001493152-23-018319

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