Tricida, Inc.: Nasdaq/NYSE listing notice — Tricida receives dual Nasdaq noncompliance notices; stock at risk of delisting

Tricida, Inc.

Nasdaq notified Tricida on Dec 6, 2022 of bid price below $1.00 for 30 consecutive days (Rule 5450(a)(1)).
Separate notice: market value of listed securities below $50M for 30 consecutive days; also fails alternative standards.
Company has 180 days (until June 5, 2023) to regain compliance on each requirement.
Possible transfer to Nasdaq Capital Market for additional compliance period if not cured by June 5, 2023.
Failure to regain compliance or transfer could result in delisting; no assurance of continued listing.

item 3.01 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 0.9

Tricida, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).

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

Exact text from the filing

December 6, 2022, Tricida, Inc. (the “Company”) received a notice from The Nasdaq Stock Market (“Nasdaq”) that the Company was not in compliance with Nasdaq’s Listing Rule 5450(a)(1), as the minimum bid price of the Company’s common stock had been below $1.00 per share for 30 consecutive business days (the “Minimum Bid Price Requirement”). Also on December 6, 2022, the Company received a separate notice from Nasdaq that the Company was not in compliance with Nasdaq’s Listing Rule 5450(b)(2)(A), as the market value of listed securities (the “MVLS”) for the Company’s common stock had been below

View on SEC.gov

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

Tricida, Inc. received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

December 6, 2022, Tricida, Inc. (the “Company”) received a notice from The Nasdaq Stock Market (“Nasdaq”) that the Company was not in compliance with Nasdaq’s Listing Rule 5450(a)(1), as the minimum bid price of the Company’s common stock had been below $1.00 per share for 30 consecutive business days (the “Minimum Bid Price Requirement”). Also on December 6, 2022, the Company received a separate notice from Nasdaq that the Company was not in compliance with Nasdaq’s Listing Rule 5450(b)(2)(A), as the market value of listed securities (the “MVLS”) for the Company’s common stock had been below

View on SEC.gov

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Source: SEC EDGAR

accession 0001595585-22-000095

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