Latch, Inc. (LTCH): Nasdaq/NYSE listing notice — Latch receives Nasdaq bid price deficiency notice; stock already suspended

Latch, Inc.

Received Nasdaq notice on Sept 19, 2023 for minimum bid price non-compliance (closing bid below $1 for 30 consecutive days).
Stock suspended from trading since Aug 10, 2023 due to periodic filing failure; this notice has no immediate effect.
Must regain compliance by March 18, 2024: bid price at least $1 for 10 consecutive days and meet all listing standards.
May transfer to Nasdaq Capital Market for additional 180-day compliance period if eligible.
No assurance of regaining compliance; company will monitor and consider options.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Latch, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5250(c)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5250(c)(1), 5810(c)(3)(A)

Exact text from the filing

September 19, 2023, Latch, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based on the closing bid price for the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the 30 consecutive trading days prior to the date of the Notice, the Company no longer complies with the minimum closing bid price requirement for continued listing on the Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”).

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Latch, Inc. filing history →

Source: SEC EDGAR

accession 0001826000-23-000099

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