AquaBounty receives Nasdaq notice for bid price below $1.00; 180-day cure period

AQUABOUNTY TECHNOLOGIES INC

Closing bid price of common stock below $1.00 for 30 consecutive business days triggers non-compliance with Nasdaq Listing Rule 5550(a)(2).
Company has 180 calendar days, until May 1, 2023, to regain compliance by closing at $1.00 or more for 10 consecutive business days.
If not compliant by May 1, 2023, Company may be eligible for a second 180-day period if it meets other listing standards and intends to effect a reverse stock split.
Failure to regain compliance could lead to delisting; Company may appeal to a Nasdaq hearings panel.
Company will monitor bid price and evaluate actions but provides no assurance of regaining compliance.

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