regulatory
confidence high
sentiment negative
materiality 0.70
Charge Enterprises, Inc.: Nasdaq/NYSE listing notice — Charge Enterprises receives Nasdaq deficiency notice for bid price below $1.00
Charge Enterprises, Inc.
- Notice received August 22, 2023: closing bid price below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until February 19, 2024, to regain compliance with Nasdaq Listing Rule 5450(a)(1).
- Regain compliance by maintaining $1.00 minimum bid for at least ten consecutive business days.
- If not cured, may be eligible for additional 180-day period if other listing standards are met.
- Failure to cure could lead to delisting; company intends to monitor and consider options.