Iveda Solutions, Inc. (IVDA): Nasdaq/NYSE listing notice — Nasdaq notifies Iveda Solutions of non-compliance with minimum bid price rule

Iveda Solutions, Inc.

Closing bid price of common stock below $1.00 for 30 consecutive trading days.
Initial compliance period of 180 days until March 26, 2024, to regain compliance.
Common stock continues trading on Nasdaq under symbol "IVDA" with no immediate effect.
If not cured by March 26, may seek additional 180-day period if other listing standards met.
Company intends to monitor bid price and consider options; no assurance of compliance.

Key facts

Extracted from this filing and checked against the source text.

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

Iveda 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

September 28, 2023, Iveda Solutions, Inc. (“IVEDA” or the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per sha

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Iveda Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-034864

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