Greenidge Generation Holdings Inc. (GREE): Nasdaq/NYSE listing notice — Greenidge receives Nasdaq delisting notice for failing minimum bid price requirement

Greenidge Generation Holdings Inc.

Received Nasdaq notice on Dec 13, 2022 for failing to maintain $1.00 minimum bid price over 30 consecutive trading days.
Has 180 days (until June 12, 2023) to regain compliance by closing bid price >=$1 for at least 10 consecutive days.
If not cured by June 12, may be eligible for additional 180-day period subject to meeting other listing standards.
Company considering available options including reverse stock split; no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

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

Greenidge Generation Holdings Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

December 13, 2022, Greenidge Generation Holdings Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company failed to maintain a minimum closing bid price of $1.00 per share for the prior 30 consecutive trading day period, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The Notice provided that, pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has an initial period of 180 calendar days, or until June 12, 2023, to regain compliance with the Bid

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Greenidge Generation Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-032113

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