Sharps Technology Inc. (STSS): Nasdaq/NYSE listing notice — Sharps Technology receives Nasdaq deficiency notice for bid price below $1.00

Sharps Technology Inc.

Nasdaq notice on July 12, 2023, for failing to maintain $1.00 minimum bid price from May 26 to July 11, 2023.
Company has 180 calendar days to regain compliance; requires $1.00 closing bid for 10 consecutive days.
If not cured, may request additional 180 days if meeting other listing standards and intends reverse split.
Failure to comply could lead to delisting from Nasdaq Capital Market.

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

Sharps Technology Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

July 12, 2023, Sharps Technology, Inc. (the “Company”) received a notice (the “Notice”) from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Rule”) because it failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days dated May 26, 2023 to July 11, 2023. The Rules provide the company a compliance period of 180 calendar days in which to regain compliance. If at any time during this 180 day period the closing

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Sharps Technology Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-024597

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