Quantum-Si receives Nasdaq bid price deficiency notice; must regain compliance by May 5, 2024

Quantum-Si Inc

Closing bid price of Class A common stock (QSI) below $1.00 for 30 consecutive business days as of Nov 4, 2024.
Company has 180 days, until May 5, 2024, to regain compliance with minimum bid price of $1.00 for 10 consecutive days.
If not compliant by May 5, may transfer to Nasdaq Capital Market for additional 180-day cure period, subject to meeting other standards.
Stock continues trading on Nasdaq Global Market under QSI; no immediate impact on operations or SEC reporting.
Company intends to monitor bid price and consider available options; no assurance of regaining compliance.

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