Katapult Holdings, Inc. (KPLT): Nasdaq/NYSE listing notice — Katapult reports Nasdaq bid-price deficiency; proposes reverse stock split

Katapult Holdings, Inc.

Received Nasdaq notice on April 21, 2023; closing bid price below $1.00 for 30 consecutive days.
Compliance period: 180 calendar days, until October 18, 2023, to regain minimum $1.00 bid price.
Proposes reverse stock split (ratio 1:25 to 1:40) at annual meeting on June 6, 2023.
No immediate delisting; common stock continues trading on Nasdaq under 'KPLT'.

Key facts

Extracted from this filing and checked against the source text.

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

Katapult 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

April 21, 2023, Katapult Holdings, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Notice”). This Notice is a notice of deficiency, not delisting, and has no immediate effect

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Katapult Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-012940

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