Vacasa, Inc.: Nasdaq/NYSE listing notice — Vacasa receives Nasdaq deficiency notice for bid price below $1; proposes reverse stock split

Vacasa, Inc.

Closing bid price below $1.00 for 30 consecutive business days triggers Nasdaq non-compliance notice.
Company has 180 calendar days, until Oct 24, 2023, to regain compliance by closing at $1.00+ for 10 consecutive days.
Filed reverse stock split proposal (ratio 1:5 to 1:20) for approval at May 23, 2023 annual meeting.
Failure to cure could lead to additional 180-day grace period if listing is transferred to Nasdaq Capital Market.
Common stock continues trading on Nasdaq under symbol VCSA pending compliance efforts.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

Vacasa, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

April 27, 2023, Vacasa, Inc. (the “Company”) received a written notification (the “Notice”) from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price for its common stock had been below $1.00 per share for 30 consecutive business days and that the Company therefore is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Global Select Market under Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s Class

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Source: SEC EDGAR

accession 0001874944-23-000030

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