IMAC Holdings, Inc. (BACK): Nasdaq/NYSE listing notice — IMAC Holdings regains Nasdaq compliance after reverse stock split

IMAC Holdings, Inc.

Nasdaq notified IMAC on Sep 22 that bid price deficiency cured after 1-for-30 reverse stock split.
Common stock and warrants continue trading on Nasdaq Capital Market under symbols BACK and IMACW.
Reverse stock split on Sep 7 raised bid price above $1.00 to comply with Listing Rule 5550(a)(2).
Nasdaq cancelled the November 2 hearing and reversed its delisting determination.

Key facts

Extracted from this filing and checked against the source text.

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

IMAC Holdings, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii), 5550(a)(2)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)(iii), 5550(a)(2)

Exact text from the filing

September 22, 2023, The Nasdaq Stock Market LLC (“Nasdaq”) notified the Company that the Company’s bid price deficiency had been cured and that the Company is in compliance with all applicable listing standards. As previously disclosed, on September 6, 2023, the Company received a letter from Nasdaq notifying the Company that, because the bid price of the Company’s voting common stock and warrants had closed at $0.10 or less for the preceding ten consecutive trading days, in contravention of Nasdaq Listing Rule 5810(c)(3)(A)(iii), the Company’s securities were subject to delisting unless the C

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

IMAC Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-034442

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