FiEE, Inc. (FIEE): Nasdaq/NYSE listing notice — Minim receives Nasdaq delisting notice for bid price below $1.00, 180-day grace period

FiEE, Inc.

Closing bid price below $1.00 for 30 consecutive business days; violates Nasdaq Rule 5550(a)(2).
Grace period of 180 calendar days until May 28, 2024 to regain compliance.
To cure, bid price must close at $1.00 or higher for at least 10 consecutive business days.
Company may qualify for additional 180-day period if it meets other listing standards and intends reverse split.
No immediate impact on listing; delisting risk remains if compliance not achieved.

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 0.98

FiEE, 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

November 27, 2023, Minim, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company, that because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. The notification from Nasdaq has no immediate effect on the listing of the Company’s common stock. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), th

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FiEE, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-043223

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