ENGLOBAL CORP: Nasdaq/NYSE listing notice — ENGlobal receives Nasdaq notice for minimum bid price non-compliance

ENGLOBAL CORP

Notice dated Dec 21, 2022: closing bid price below $1.00; stock continues trading under ENG.
180-day cure period runs to June 19, 2023; must close at or above $1.00 for 10 consecutive days.
If not cured by June 19, may qualify for second 180-day period if other listing standards are met.
Company may consider a reverse stock split to regain compliance; no decision made yet.

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 0.9

ENGLOBAL CORP 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

December 21, 2022, ENGlobal Corporation (the “Company”) received written notice from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq, as set forth in Listing Rule 5550(a)(2). The notice has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade on The Nasdaq Stock Market under the symbol “ENG” at this time. The Company may regain compliance with the minimum bid price requirement in accordance with Listing Rule 5810(c)(3)(A) duri

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Source: SEC EDGAR

accession 0001654954-22-016939

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