TERAWULF INC. (WULF): Nasdaq/NYSE listing notice — TeraWulf receives Nasdaq deficiency notice for bid price below $1.00

TERAWULF INC.

Closing bid price of common stock below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until September 13, 2023, to regain compliance.
To regain compliance, bid price must close at $1.00 or higher for 10 consecutive business days.
Common stock continues trading on Nasdaq Capital Market under symbol WULF.
Company may consider alternatives but cannot assure compliance.

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 0.95

TERAWULF INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

March 17, 2023, TeraWulf Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock, par value $0.001 per share, (the “Common Stock”) for the last 30 consecutive business days, the Common Stock did not meet the minimum bid price of $1.00 per share required by Nasdaq Listing Rule 5550(a)(2), initiating an automatic 180 calendar-day grace period for the Company to regain compliance. The notice has no immediate effect on the li

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Source: SEC EDGAR

accession 0001558370-23-004132

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