Wejo Group Ltd: Nasdaq/NYSE listing notice — Wejo Group receives Nasdaq minimum bid price deficiency notice

Wejo Group Ltd

Nasdaq notified Wejo on Jan 18, 2023 that bid price was below $1.00 for 30 consecutive business days.
Company has 180 days, until July 17, 2023, to regain compliance by closing at $1.00+ for 10 days.
Common shares continue trading on Nasdaq under WEJO; a non-compliance indicator will be displayed.
Wejo may seek a second 180-day cure period if it meets other listing standards and notifies Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

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

Wejo Group Ltd 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 18, 2023, Wejo Group Limited (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Staff (the “Staff”) of The NASDAQ Stock Market LLC (“NASDAQ”) notifying the Company that, based upon based upon the closing bid price of the Company’s common shares, par value $0.001 per share (the “Common Shares”), for the last 30 consecutive business days, the Company no longer meets the requirement to maintain a minimum bid price of $1.00 per share, as set forth in NASDAQ Listing Rule 5450(a)(1). In accordance with NASDAQ Listing Rules 5810(c)(3)(A), the Company has been pro

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Source: SEC EDGAR

accession 0001864448-23-000020

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