AI Financial Corp (AIFC): Nasdaq/NYSE listing notice — JanOne receives Nasdaq delisting notice for bid price below $1.00

AI Financial Corp

Received Nasdaq notice on Sept 11, 2023, for failing $1.00 minimum bid price for 30 consecutive business days.
Has 180 days until March 9, 2024, to regain compliance by closing at $1.00+ for 10 consecutive days.
Intends to monitor bid price and consider options, including potential reverse stock split.
If not compliant by March 9, may be eligible for additional 180-day period if other listing standards met.
Notice has no immediate effect on listing or trading of common stock under ticker JAN.

Key facts

Extracted from this filing and checked against the source text.

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

AI Financial Corp 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

September 11, 2023, JanOne Inc. (the “Company”) received a notice (the “Nasdaq Notice”) from The Nasdaq Stock Market (“Nasdaq”), indicating that, for the last thirty (30) consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until March 9, 2024, to regain compliance. The letter states that the Nasdaq staff w

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AI Financial Corp filing history →

Source: SEC EDGAR

accession 0001628280-23-032380

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