---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000064"
form_type: "8-K"
ticker: null
cik: "0001822145"
company_name: "Presto Automation Inc."
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T04:10:35.263157+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Presto Automation receives Nasdaq delisting notice for bid price below $1.00

## Summary
- Nasdaq notice on Dec 28, 2023 for failing minimum $1.00 bid price for 30 consecutive business days.
- 180-day compliance period to June 25, 2024 to regain compliance.
- If not cured, may be eligible for additional 180 days and might reverse stock split.
- Common stock continues trading on Nasdaq Global Market during cure period.
- Company plans to monitor bid price and evaluate options; no assurance of compliance.

## SEC filing metadata
- accession: 0001558370-24-000064
- form_type: 8-K
- cik: 0001822145
- company_name: Presto Automation Inc.
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822145/000155837024000064/0001558370-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822145/000155837024000064/prst-20231228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000064
- JSON: https://secwatch.observer/filing/0001558370-24-000064.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000064.txt

## Key facts
- Listing & Compliance Notices
  Presto Automation Inc. 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)
  source text: December 28, 2023, Presto Automation Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”), because the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share for 30 consecutive business days. The Notice does not impact the listing of the Common Stock on The Nasdaq Global Market at
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822145/000155837024000064/0001558370-24-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.