Better Home & Finance Holding Co (BETR): Nasdaq/NYSE listing notice — BETR receives Nasdaq deficiency notice for failing minimum bid price; 180-day cure period

Better Home & Finance Holding Co

On Oct 12, 2023, Nasdaq notified BETR that its common stock failed to maintain minimum $1.00 bid price for 30 consecutive business days.
Company has until April 9, 2024 to regain compliance by closing at or above $1.00 for 10 consecutive business days.
If not cured, BETR may seek transfer to Nasdaq Capital Market for a second 180-day cure period or face delisting.
BETR is evaluating options including a reverse stock split to address the bid price deficiency.

Key facts

Extracted from this filing and checked against the source text.

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

Better Home & Finance Holding Co 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

October 12, 2023, Better Home & Finance Holding Company (the “Company”) received a letter (the “Notice”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Rule”) for continued listing. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”) provides that a failure to meet the minimum bid price

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Source: SEC EDGAR

accession 0001628280-23-034377

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