AppHarvest, Inc.: Nasdaq/NYSE listing notice — AppHarvest receives Nasdaq deficiency notice for bid price below $1.00

AppHarvest, Inc.

Nasdaq notified AppHarvest on Jan 11, 2023 that closing bid price was below $1.00 for 30 consecutive business days.
Company has a 180-day grace period until July 10, 2023 to regain compliance by achieving $1.00 bid for 10 consecutive days.
If not compliant by July 10, may get an additional 180 days by transferring to Nasdaq Global Market and meeting other standards.
Company will monitor bid price and consider options including a reverse stock split; no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

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

AppHarvest, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

January 11, 2023, AppHarvest, Inc. (the “Company”) received a deficiency letter (the “Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days prior to the date of the Letter, the closing bid price for the Company’s common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on the Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Requirement”). The Letter is a notice of deficiency, not deli

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Source: SEC EDGAR

accession 0001807707-23-000013

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