Invitae Corp: Nasdaq/NYSE listing notice — Invitae receives NYSE delisting notice for share price below $1.00; has 6 months to cure

Invitae Corp

Received NYSE notice on Sept 20, 2023, for avg closing price <$1.00 over 30 trading days.
Has six-month cure period; can regain compliance if closing price >=$1.00 at month-end and 30-day avg >=$1.00.
May seek stockholder approval at 2024 annual meeting for actions like reverse stock split to cure.
No immediate impact on listing or business operations; stock continues trading on NYSE.
Company intends to cure, but no assurance of regaining compliance with NYSE standards.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Invitae Corp received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

September 20, 2023, Invitae Corporation (the "Company") received a notice (the "Notice") from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE Listed Company Manual ("Section 802.01C") because the average closing price of the Company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period. In accordance with Section 802.01C, the Company notified the NYSE of its intent to regain compliance with the minimum share price requirement. The Company may regain compliance at

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Source: SEC EDGAR

accession 0001501134-23-000077

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