HeartCore Enterprises, Inc. (HTCR): Nasdaq/NYSE listing notice — HeartCore receives Nasdaq bid price deficiency notice; 180 days to regain compliance

HeartCore Enterprises, Inc.

Nasdaq notified HeartCore on Oct 26, 2023 of non-compliance with $1.00 minimum bid price rule for 30 consecutive business days.
Company has 180 calendar days, until April 23, 2024, to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not cured by April 23, HeartCore may qualify for a second 180-day period by meeting other listing standards and noting intent to reverse split.
Stock continues trading on Nasdaq Capital Market under symbol HTCR during the cure period.
Company is evaluating potential responses; no decisions have been made as of the filing.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

HeartCore Enterprises, Inc. 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

October 26, 2023, HeartCore Enterprises, Inc. (the “Company”) received written notice (the “Bid Price Notice”) from the Nasdaq Listing Qualification Department (the “Nasdaq Staff”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on the Nasdaq Capital Market. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market under the symbol “HTCR,” and the Company is curr

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HeartCore Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-038611

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