Boxlight Corp (BOXL): Nasdaq/NYSE listing notice — Boxlight requests additional 180-day grace period from Nasdaq for bid price compliance

Boxlight Corp

Received deficiency letter on July 6, 2022, for common stock trading below $1.00 minimum bid.
Initial 180-day grace period expires January 2, 2023.
Requested additional 180-day grace period to regain compliance.
Nasdaq must confirm all initial and continued listing requirements as of Jan 2, 2023.
Expected response shortly after Jan 2, 2023; will file 8-K with determination.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

Boxlight Corp received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

ding 30 consecutive business days, the closing bid price for the Company's Class A common stock (the "Common Stock") was trading below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the "Bid Price Requirement"). The notification from Nasdaq had no immediate effect on the Company's Nasdaq listing and the Company's Common Stock will continue to trade on Nasdaq under the ticker symbol "BOXL." In accordance with Nasdaq Rules, the Company has been provided an initial period of 180 calendar days, or until January 2, 2023 (the ("Initial Grace Period"), to regain compliance with the Bid Price Requirement.

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Source: SEC EDGAR

accession 0001558370-22-018530

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