---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-002509"
form_type: "8-K"
ticker: null
cik: "0001862068"
company_name: "Rubicon Technologies, Inc."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:28:21.804232+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Rubicon receives NYSE non-compliance notice for average share price below $1.00

## Summary
- NYSE notified Rubicon on March 28, 2023 that average closing price of Class A common stock was below $1.00 over 30 consecutive trading days.
- Company has six-month cure period; plans to notify NYSE by April 11 of intent to cure.
- Alternatives include reverse stock split, subject to stockholder approval at annual meeting.
- Stock continues trading on NYSE with '.BC' designation; no immediate delisting.
- Non-compliance does not affect business operations or debt obligations.

## SEC filing metadata
- accession: 0001829126-23-002509
- form_type: 8-K
- cik: 0001862068
- company_name: Rubicon Technologies, Inc.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1862068/000182912623002509/0001829126-23-002509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1862068/000182912623002509/rubicontech_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-002509
- JSON: https://secwatch.observer/filing/0001829126-23-002509.json
- Plain text: https://secwatch.observer/filing/0001829126-23-002509.txt

## Key facts
- Listing & Compliance Notices
  Rubicon Technologies, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).
  - Exchange: nyse
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 802.01C
  source text: March 28, 2023, Rubicon Technologies, Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the average per share trading price of its Class A common stock (the “Common Stock”) was below the NYSE’s continued listing standard rule relating to minimum average share price. Rule 802.01C of the NYSE’s Listed Company Manual requires that a company’s common stock trade at a minimum average closing price of $1.00 over a consecutive 30 trading-day period. Pursuant to Section 802.01C, the Company has a period of six months following the receipt of the Not
  evidence_url: https://www.sec.gov/Archives/edgar/data/1862068/000182912623002509/0001829126-23-002509-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.