Ontrak, Inc.: Nasdaq/NYSE listing notice — Ontrak receives Nasdaq deficiency notice for bid price below $1.00 for 30 days

Ontrak, Inc.

Received Nasdaq letter on October 13, 2023 for non-compliance with minimum bid price rule.
Common stock closing bid below $1.00 for 30 consecutive business days triggered notice.
Company has 180 calendar days, until April 10, 2024, to regain compliance.
To comply, stock must close at $1.00 or more for at least 10 consecutive business days.
If not compliant by April 10, 2024, company may qualify for an additional 180-day period.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Ontrak, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 13, 2023, Ontrak, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company no longer meets the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) because the closing bid price for the Company’s common stock was less than $1.00 for the previous 30 consecutive business days. The letter has no immediate effect on the listing of the Company’s common stock on The Nasdaq Capital Market. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has a 180-calendar day period, or until

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Source: SEC EDGAR

accession 0001628280-23-034400

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