Staffing 360 Solutions, Inc.: Nasdaq/NYSE listing notice — Staffing 360 receives Nasdaq bid price deficiency; 180-day cure period until Jan 15, 2024

Staffing 360 Solutions, Inc.

Nasdaq notified STAF on July 17, 2023 of non-compliance with minimum $1.00 bid price rule.
Company has 180 calendar days, until Jan 15, 2024, to regain compliance.
To cure, STAF must have closing bid >=$1.00 for at least ten consecutive business days.
If not cured, STAF may seek additional 180 days by meeting other listing standards.
Failure to cure could lead to delisting from Nasdaq Capital Market.

Key facts

Extracted from this filing and checked against the source text.

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

Staffing 360 Solutions, 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

July 17, 2023, Staffing 360 Solutions, Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period between June 1, 2023, through July 14, 2023, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The letter also indicated that the Company will be provided with a compliance period of 180 calendar da

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Source: SEC EDGAR

accession 0001493152-23-025079

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