Nikola Corp: Nasdaq/NYSE listing notice — Nikola receives Nasdaq deficiency notice for bid price below $1.00 per share

Nikola Corp

Received Nasdaq notice on Jan 19, 2024 for failure to maintain minimum $1.00 bid price over 30 consecutive business days.
Has until July 17, 2024 to regain compliance by closing at $1.00+ for 10 consecutive business days.
Non-compliance does not immediately impact listing; additional cure period may be available if not met by deadline.
Stock currently trades below $1.00; failure to regain compliance could lead to delisting.

Key facts

Extracted from this filing and checked against the source text.

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

Nikola Corp received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

January 19, 2024, Nikola Corporation (the “Company”) received written notice (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on Nasdaq. Nasdaq Listing Rule 5450(a)(1) requires listed securities maintain a minimum closing bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum closing bid price requirement exists if the deficiency continues for a period of 30 consecuti

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Source: SEC EDGAR

accession 0001731289-24-000004

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