DNA X, Inc. (SONM): Nasdaq/NYSE listing notice — Sonim Technologies receives Nasdaq non-compliance notice for minimum bid price

DNA X, Inc.

Nasdaq notified Sonim on 09/14/2023 that stock closed below $1.00 for 30 consecutive business days.
Company has 180 days, through 03/12/2024, to regain compliance by maintaining bid price at or above $1.00 for 10 consecutive days.
If compliance not met, Nasdaq may grant a second 180-day period, subject to meeting other continued listing standards.
Sonim is evaluating a reverse stock split, subject to stockholder approval at its 2024 annual meeting, to address deficiency.
Failure to regain compliance could lead to delisting; trading continues normally under symbol SONM for now.

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 0.97

DNA X, 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

September 14, 2023, Sonim Technologies, Inc. (the “Company”) received a letter (the “Notice”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) for continued listing. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”) provides that a failure to meet the minimum bid price requirement

View on SEC.gov

5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

DNA X, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-032922

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.