---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-032380"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T17:03:38.525159+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# JanOne receives Nasdaq delisting notice for bid price below $1.00

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-032380
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2023-09-15T23:59:59+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/862861/000162828023032380/0001628280-23-032380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000162828023032380/jan-20230911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-032380
- JSON: https://secwatch.observer/filing/0001628280-23-032380.json
- Plain text: https://secwatch.observer/filing/0001628280-23-032380.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000162828023032380/0001628280-23-032380-index.htm

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