Bright Green Corp: Nasdaq/NYSE listing notice — Bright Green gets Nasdaq extension to Aug 12, 2024 to meet $1 bid price rule

Bright Green Corp

Received 180-day grace period from Nasdaq until August 12, 2024, to regain compliance with minimum bid price of $1.00.
Must have closing bid price at or above $1.00 for at least 10 consecutive business days before deadline.
Company notified Nasdaq it will pursue a reverse stock split if needed to meet the requirement.
If compliance not achieved by August 12, Nasdaq will delist; company may appeal to a Listing Qualifications Panel.
Originally notified of non-compliance Aug 16, 2023; original cure period ended Feb 12, 2024.

Key facts

Extracted from this filing and checked against the source text.

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

Bright Green Corp received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(a)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(a)

Exact text from the filing

int the Company would have an opportunity to appeal the delisting determination to a Nasdaq Listing Qualifications Panel (the “Panel”), but there can be no assurance that the Panel would grant the Company’s request for continued listing. As a condition of the Approval imposed by Nasdaq Listing Rule 5810(c)(3)(a), the Company notified Nasdaq that it would seek to implement a reverse stock split, if necessary, to regain compliance with the Bid Price Rule. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be si

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Source: SEC EDGAR

accession 0001493152-24-006696

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