regulatory
confidence high
sentiment negative
materiality 1.00
CISO Global receives Nasdaq delisting notice due to low bid price; plans appeal
CISO Global, Inc.
- Nasdaq notified CISO Global its stock had closing bid ≤$0.10 for 10 consecutive days, triggering Low Priced Stocks Rule.
- Trading suspension scheduled for January 8, 2024, unless appeal is timely requested.
- Company plans to request a hearing before Nasdaq Hearings Panel to appeal the delisting determination.
- Common stock will continue trading under symbol 'CISO' pending the appeal process outcome.
- No assurance that the Panel will grant an extension or that compliance can be regained.