Red Cat Holdings, Inc. (RCAT): Nasdaq/NYSE listing notice — Red Cat receives Nasdaq delisting notice for bid price below $1.00

Red Cat Holdings, Inc.

Nasdaq notified Red Cat on Nov 28, 2023 that its closing bid price was below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until May 28, 2024, to regain compliance by closing at $1.00+ for 10 consecutive days.
If compliance not met, Red Cat may be eligible for a second 180-day period subject to Nasdaq conditions.
Stock continues trading on Nasdaq Capital Market with no immediate effect on listing.
Company monitoring bid price and considering options, but cannot assure compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Red Cat Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

tisfy a Continued Listing Rule or Standard; Transfer of Listing On November 28, 2023, Red Cat Holdings, Inc. (the “Company”) received a letter from The Nasdaq Stock Market, LLC (“Nasdaq”), indicating that the Company no longer meets the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) because the closing bid price for the Company’s common stock was less than $1.00 for the previous 30 consecutive business days. The letter has no immediate effect on the listing of the Company’s common stock on The Nasdaq Capital Market. Under Nasdaq

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2 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Red Cat Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001554795-23-000353

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