SenesTech, Inc. (SNES): Nasdaq/NYSE listing notice — SenesTech gets Nasdaq delisting notice for insufficient publicly held shares after reverse split

SenesTech, Inc.

Post 1-for-12 reverse split, common shares outstanding reduced to 492,293, below the 500,000 minimum.
Must submit compliance plan to Nasdaq by January 4, 2024 to avoid delisting.
No immediate effect on Nasdaq Capital Market listing; may appeal if plan rejected.
Previously announced reverse split reduced shares from 5,899,060 to 492,293.

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 0.95

SenesTech, Inc. received a nasdaq deficiency notice notice regarding other (rules 5550(a)(4)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(4)

Exact text from the filing

November 20, 2023, we received a letter from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) providing notification that we no longer meet the minimum 500,000 publicly held shares requirement pursuant to Nasdaq Listing Rule 5550(a)(4). As a result of our previously announced 1-for-12 reverse stock split of our common stock, the aggregate number of our outstanding shares of common stock was reduced from 5,899,060 shares on a pre-reverse-split basis to a total of 492,293 shares outstanding on a post-reverse split basis. In accordance with Nasdaq rules, we hav

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SenesTech, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-039860

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