SpringBig Holdings, Inc. (SBIG): Nasdaq/NYSE listing notice — SpringBig receives Nasdaq bid price deficiency notice; has until June 19, 2023 to regain compliance

SpringBig Holdings, Inc.

Nasdaq notified SpringBig that common stock bid price closed below $1.00 for 30 consecutive business days as of Dec 20, 2022.
Company has 180 calendar days (until June 19, 2023) to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not cured, may transfer to Nasdaq Capital Market for additional 180-day period, subject to meeting other listing standards.
Failure to cure could lead to delisting; company is reviewing options including a potential reverse stock split.
Stock and warrants continue trading under SBIG and SBIGW; no immediate effect on listing.

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 0.9

SpringBig Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

December 20, 2022, the Company received a letter from the staff (the “Staff”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) providing notification that, for the previous 30 consecutive business days, the bid price for the Company’s common stock had closed below the $1.00 per share minimum bid price requirement for continued listing under Nasdaq Listing Rule 5450(a)(1). The notice has no immediate effect on the listing of the Company’s common stock or warrants, and its common stock and warrants will continue to trade on The Nasdaq Global Market under the symbol “SBIG” and “SBIGW” respectively. In

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SpringBig Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001801602-22-000056

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