regulatory
confidence high
sentiment negative
materiality 0.80
ClearOne receives Nasdaq bid-price deficiency notice; 180-day cure period started Aug 1
CLEARONE INC
- Nasdaq letter on Aug 1, 2023: CLRO common stock bid below $1.00 for 30 consecutive trading days.
- Must regain compliance by Jan 29, 2024 by closing at or above $1.00 for 10 consecutive days.
- If not cured, may qualify for additional 180-day period if all other listing standards are met.
- Company may effect a reverse stock split to cure the deficiency; no assurance of compliance.