CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV): Nasdaq/NYSE listing notice — Clover Health receives Nasdaq bid price deficiency notice; has until Sep 30, 2024 to regain compliance

CLOVER HEALTH INVESTMENTS, CORP. /DE

Received Nasdaq notice on April 2, 2024 for CLOV closing below $1.00 for 30 consecutive business days.
Company has 180 days, until September 30, 2024, to regain compliance via a $1.00 close for 10 consecutive days.
Options to cure include a reverse stock split (subject to stockholder approval) or transfer to Nasdaq Capital Market.
If not compliant by Sep 30, may seek a second 180-day period by moving to Nasdaq Capital Market.
Failure to regain compliance could lead to delisting; appeal rights available.

Key facts

Extracted from this filing and checked against the source text.

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

CLOVER HEALTH INVESTMENTS, CORP. /DE 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

April 2, 2024, Clover Health Investments, Corp. (the “Company”) received a written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s Class A common stock (the “Common Stock”) had closed below the $1.00 per share minimum bid price requirement for continued inclusion on The Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of the Common Stock, which continues to trade on

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Source: SEC EDGAR

accession 0001801170-24-000085

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