AI Financial Corp (AIFC): Nasdaq/NYSE listing notice — JanOne regains Nasdaq minimum bid price compliance; closing bid above $1.00 for 10 days

AI Financial Corp

Received Nasdaq compliance notice on March 13, 2024 for Rule 5550(a)(2).
Closing bid price was $1.00 or above for 10 consecutive business days (Feb 28-Mar 12, 2024).
Previously reported deficiency on Sept 11, 2023 for bid below $1.00 for 30 days.
Daily average closing bid price during compliance period exceeded $2.00.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

AI Financial Corp received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

March 13, 2024 (the date of this Current Report on Form 8-K), JanOne Inc. (“we” or “us”) presently complies with Nasdaq Listing Rule 5550(a)(2) that requires us to maintain a minimum bid price of $1.00 per share. As previously reported, on September 11, 2023, we received a notice (the “Deficiency Notice”) from The Nasdaq Stock Market (“Nasdaq”), indicating that our common stock failed to maintain a minimum bid price of $1.00 per share over the previous 30 consecutive business days as required by the Nasdaq Listing Rules. On March 13, 2024, we received a notice (the “Compliance Notice”) from Na

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Source: SEC EDGAR

accession 0001628280-24-011329

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