Better Home & Finance Holding Co (BETR): Nasdaq/NYSE listing notice — Better Home & Finance transfers to Nasdaq Capital Market due to bid price non-compliance

Better Home & Finance Holding Co

Transfer effective March 13, 2024; Class A common stock continues trading under BETR on Nasdaq Capital Market.
Company received bid price deficiency notice on Oct 12, 2023; now eligible for additional 180-day compliance period until Oct 6, 2024.
If bid price fails to close at $1.00+ for 10 consecutive business days during extended period, Nasdaq may delist shares.
Company may seek stockholder approval for reverse stock split to regain compliance; no assurance of cure.

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)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

October 12, 2023, the Company received a letter from Nasdaq notifying the Company that the bid price of its Class A Common Stock had closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, it was no longer in compliance with Listing Rule 5450(a)(1) (the “Bid Price Rule”). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until April 9, 2024, to regain compliance with the Bid Price Rule. In response, the Company filed an application to transfer the listing of its Class A Common Stock from the Na

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Better Home & Finance Holding Co filing history →

Source: SEC EDGAR

accession 0001628280-24-010271

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