T Stamp Inc (IDAI): Nasdaq/NYSE listing notice — T Stamp receives Nasdaq non-compliance notice for bid price below $1.00

T Stamp Inc

Nasdaq notified T Stamp on May 3, 2024, that its Class A Common Stock bid price closed below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until October 30, 2024, to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not compliant by Oct 30, a second 180-day grace period may be available if other listing standards are met.
Failure to regain compliance could result in Nasdaq delisting the shares.

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

T Stamp Inc received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

May 3, 2024, T Stamp Inc. (the “Company”) received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that, for the last 30 consecutive business days, the bid price of its shares of Class A Common Stock, par value $0.01 per share, had closed below $1.00 per share, which is the minimum required closing bid price for continued listing on Nasdaq pursuant to Listing Rule 5550(a)(2). Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 days, or until October 30, 2024 to regain compliance with the minimum bid price continued listing standard. To regain co

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Source: SEC EDGAR

accession 0001718939-24-000079

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