Bright Green Corp: Nasdaq/NYSE listing notice — Bright Green receives Nasdaq delisting notice for bid price below $1.00

Bright Green Corp

Nasdaq notified Bright Green on Aug 16, 2023, that its closing bid price was below $1.00 for 30 consecutive business days.
Company has 180 days, until Feb 12, 2024, to regain compliance with minimum bid price requirement.
To regain compliance, stock must close at $1.00 or higher for at least 10 consecutive business days.
If not compliant by Feb 12, Bright Green may apply for an additional 180-day compliance period.
Company is evaluating options including a possible reverse stock split to cure the deficiency.

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 0.95

Bright Green Corp 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

August 16, 2023, Bright Green Corporation (the “Company”) received a written notification (the “Notice Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price for the Company’s common stock was below the $1.00 per share requirement for the last 30 consecutive business days. The Notice Letter stated that the Company has 180 calendar days, or until February 12, 2024 (the “Initial Compliance Period”), to regain compliance with the minimum bid price requirement. If the Company does not rega

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001493152-23-029429

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.