regulatory
confidence high
sentiment negative
materiality 0.75
CISO Global receives Nasdaq notice of non-compliance with minimum bid price requirement
CISO Global, Inc.
- Nasdaq notified CISO Global that its common stock bid price closed below $1.00 per share for 30 consecutive business days.
- Company has 180 calendar days, until December 23, 2024, to regain compliance by maintaining a $1.00 closing bid for 10 consecutive days.
- If compliance not regained, CISO may be eligible for an additional 180-day period if it meets other Nasdaq Capital Market listing standards.
- Potential delisting could reduce liquidity, market price, investor interest, and access to public capital markets.
- CISO intends to monitor bid price and consider options, but there is no assurance of regaining compliance.