Phunware, Inc. (PHUN): Nasdaq/NYSE listing notice — Phunware receives Nasdaq delisting notice for bid price below $1.00; 180 days to regain compliance

Phunware, Inc.

Received Nasdaq notice on April 13, 2023 for non-compliance with bid price rule (stock closed below $1.00 for 30 consecutive days).
Has 180 calendar days, until October 10, 2023, to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not compliant by Oct 10, may be eligible for additional 180-day period if it meets other listing standards and intends reverse split.
Company will monitor bid price and take measures to regain compliance, but no assurance of success.

Key facts

Extracted from this filing and checked against the source text.

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

Phunware, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

April 13, 2023, Phunware, Inc. (the “Company”) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”) because the bid price of the Company’s common stock on the Nasdaq Capital Market had closed below $1.00 per share for the previous 30 consecutive business days. The notice received has no immediate effect on the Company's Nasdaq listing. The notice from Nasdaq states that, under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Phunware, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-011635

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