Porch Group, Inc. (PRCH): Nasdaq/NYSE listing notice — Porch Group receives Nasdaq bid price deficiency notice; 180 days to comply

Porch Group, Inc.

Nasdaq notified Porch Group on Sept 27, 2023 that its stock closed below $1.00 for 30 consecutive days.
Company has until March 25, 2024 to regain compliance by closing at $1.00+ for 10 consecutive days.
If not cured by March 25, Porch may qualify for a second 180-day period if it meets other listing standards.
Failure to regain compliance could lead to delisting; stock continues to trade under PRCH for now.
Porch intends to monitor bid price and may consider a reverse stock split if needed.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Porch Group, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5810(c)(3)(A)).

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

Exact text from the filing

k was below $1.00 per share for the previous 30 consecutive trading days. The Bid Price Deficiency Notice has no immediate effect on the listing of the Company’s common stock, and the Company’s common stock continues to trade on Nasdaq under the symbol “PRCH.” In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Bid Price Deficiency Notice, or until March 25, 2024, to regain compliance with respect to the Bid Price Requirement. The Bid Price Deficiency Notice states that to regain compliance with the Bid Price Requirement, the closing bid

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Porch Group, Inc. filing history →

Source: SEC EDGAR

accession 0001784535-23-000042

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