Xos, Inc. (XOS): Nasdaq/NYSE listing notice — Xos receives Nasdaq deficiency notice for bid price below $1.00

Xos, Inc.

Closing bid price for common stock (XOS) below $1.00 for 30 consecutive business days as of Dec 28, 2022.
180-day grace period until June 26, 2023 to regain compliance under Nasdaq Rule 5450(a)(1).
May qualify for additional 180-day grace period by transferring to Nasdaq Capital Market.
Company will consider options including reverse stock split but no assurance of compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Xos, Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5450(a)(1), 5810(c)(3)(A), 5810(c)(3)(H)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5450(a)(1), 5810(c)(3)(A), 5810(c)(3)(H)

Exact text from the filing

December 28, 2022, Xos, Inc. (the “Company”) received a deficiency letter (the “Letter”) from the Listing Qualifications Department of 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 Market pursuant to Nasdaq Listing Rule 5450(a)(1) (“Rule 5450(a)(1)”). The Letter is a notice of defi

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Xos, Inc. filing history →

Source: SEC EDGAR

accession 0001819493-22-000181

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