SpringBig Holdings, Inc. (SBIG): Nasdaq/NYSE listing notice — SpringBig receives Nasdaq delisting notice for continued bid price non-compliance

SpringBig Holdings, Inc.

Received formal Nasdaq notice on June 21, 2023 for failing to meet minimum $1.00 bid price requirement.
Company did not regain compliance by June 19, 2023 deadline, following earlier 180-day grace period.
Nasdaq Hearing Panel had granted extension to September 5, 2023, to evidence compliance; now at risk.
Company is working to meet listing criteria but can provide no assurance of successful compliance.

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 0.97

SpringBig Holdings, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(1)

Exact text from the filing

June 21, 2023, SpringBig Holdings, Inc. (the “Company”) received formal notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s continued non-compliance with the minimum $1.00 bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(1) (the “Bid Price Rule’), the deficiency could serve as an additional basis for the delisting of the Company’s securities from Nasdaq. The Company previously presented its plan to regain compliance with the Bid Price R

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SpringBig Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001801602-23-000102

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