---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-021709"
form_type: "8-K"
ticker: null
cik: "0000874292"
company_name: "ADDVANTAGE TECHNOLOGIES GROUP INC"
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T04:28:33.673556+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Addvantage Technologies receives Nasdaq deficiency notice for bid price below $1.00 per share

## Summary
- Received Nasdaq letter on June 7, 2023, for non-compliance with minimum bid price of $1.00 for 30 consecutive business days.
- No immediate effect on listing; 180-day compliance period ends December 4, 2023.
- To regain compliance, closing bid price must be at least $1.00 for 10 consecutive business days during grace period.
- Company may qualify for a second 180-day period if it meets other Nasdaq listing standards.
- Intends to consider available options to cure deficiency, including a reverse stock split.

## SEC filing metadata
- accession: 0001628280-23-021709
- form_type: 8-K
- cik: 0000874292
- company_name: ADDVANTAGE TECHNOLOGIES GROUP INC
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874292/000162828023021709/0001628280-23-021709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874292/000162828023021709/aey-20230609.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-021709
- JSON: https://secwatch.observer/filing/0001628280-23-021709.json
- Plain text: https://secwatch.observer/filing/0001628280-23-021709.txt

## Key facts
- Listing & Compliance Notices
  ADDVANTAGE TECHNOLOGIES GROUP 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)
  source text: June 7, 2023, ADDVANTAGE TECHNOLOGIES GROUP, INC. (the “Company”) received a letter (the “Notice”) from The Nasdaq Stock Market notifying the Company that, because the closing bid price for its common stock has been below $1.00 per share for 30 consecutive business days, it no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”), and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to me
  evidence_url: https://www.sec.gov/Archives/edgar/data/874292/000162828023021709/0001628280-23-021709-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.