Owlet, Inc. (OWLT): Nasdaq/NYSE listing notice — Owlet receives NYSE non-compliance notice for stock price below $1.00

Owlet, Inc.

NYSE notified Owlet on Nov 29, 2022 that average closing price was below $1.00 for 30 consecutive trading days.
Company has a six-month cure period to regain compliance with NYSE continued listing standards.
Options to cure include a reverse stock split, subject to stockholder approval no later than next annual meeting.
No immediate impact on listing; common stock and warrants continue trading on NYSE during cure period.

item 3.01 item 7.01 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

Owlet, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

November 29, 2022, Owlet, Inc. (the “Company”) was notified by the New York Stock Exchange (“NYSE”) that the average closing price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), during the prior 30 consecutive trading days was below $1.00 per share, which is the minimum average closing price required to maintain listing on NYSE under Section 802.01C of the NYSE Listed Company Manual. As required by NYSE, within ten business days of the Company’s receipt of the NYSE notification, the Company plans to notify NYSE of its intent to cure the deficiency and restore

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Owlet, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-031415

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