regulatory
confidence high
sentiment negative
materiality 0.60
IZEA receives Nasdaq deficiency notice for bid price below $1.00 for 30 consecutive days
IZEA Worldwide, Inc.
- Nasdaq notified IZEA on July 6, 2022, that its closing bid price was below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until January 2, 2023, to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not cured, IZEA may be eligible for a second 180-day compliance period if it meets all other Nasdaq listing standards.
- Stock continues trading on Nasdaq under symbol IZEA; company evaluating options including a reverse stock split.