Notification

IMTE Announces 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Requirement

Retrieved on: 
Thursday, May 4, 2023
Letter, Failure, Calendar, Notification, Form 6-K, Listing Rules, Auction

The Notification Letter informed the Company that the minimum closing bid price per share for its common stock was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

Key Points: 
  • The Notification Letter informed the Company that the minimum closing bid price per share for its common stock was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
  • In accordance with its Listing Rules, the Company has a compliance period of 180 calendar days, or until May 1, 2023, to regain compliance with Nasdaq's minimum bid price requirement.
  • If compliance with the Minimum Bid Price Requirement cannot be demonstrated by October 30, 2023, Nasdaq will provide written notification that the Company's common stock will be delisted.
  • Accordingly, there can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement or maintain its listing on The Nasdaq Capital Market.

Westport Receives Nasdaq Notification Regarding Minimum Bid Price Compliance and Announces Board of Director Approval of Share Consolidation

Retrieved on: 
Wednesday, April 26, 2023
Toronto Stock Exchange, Calendar, Insignia Systems, Inc., Notification, TSX, WPRT, Cryptocurrency, Holding company

The Company also announced that the Board has approved a consolidation of the Company’s issued and outstanding common shares at a consolidation ratio of 10-for-1 (the “Share Consolidation”).

Key Points: 
  • The Company also announced that the Board has approved a consolidation of the Company’s issued and outstanding common shares at a consolidation ratio of 10-for-1 (the “Share Consolidation”).
  • The Notification has no immediate impact on the listing of the Company’s common shares, which will continue to trade on the Nasdaq.
  • To regain compliance, the Company's ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days.
  • Westport’s board of directors has approved a Share Consolidation of the Company's issued and outstanding common shares on a ten-to-one (10:1) basis.

LumiraDx Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Retrieved on: 
Monday, April 24, 2023
Calendar, Failure, Auction, Notification

LONDON, April 24, 2023 (GLOBE NEWSWIRE) -- LumiraDx Limited (Nasdaq: LMDX)(the “Company”) today announced that it has received notification (the “Notification”) from The Nasdaq Stock Market LLC that it is not in compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market, since the closing bid price for the Company’s common shares on the Nasdaq Global Market was below US$1.00 for 30 consecutive trading days.

Key Points: 
  • LONDON, April 24, 2023 (GLOBE NEWSWIRE) -- LumiraDx Limited (Nasdaq: LMDX)(the “Company”) today announced that it has received notification (the “Notification”) from The Nasdaq Stock Market LLC that it is not in compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market, since the closing bid price for the Company’s common shares on the Nasdaq Global Market was below US$1.00 for 30 consecutive trading days.
  • Nasdaq Listing Rule 5450(a)(1) requires the common shares to maintain a minimum bid price of US$1.00 per share (the “Minimum Bid Requirement”), and Nasdaq Listing Rule 5810(c)(3)(A) provides that failure to meet such requirement exists if the deficiency continues for a period of 30 consecutive business days.
  • The Notification has no immediate effect on the listing of the Company’s common shares on the Nasdaq Global Market.
  • If at any time before October 18, 2023, the bid price of the common shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, the Company will regain compliance with the Minimum Bid Requirement.

BIO-key International, Inc. Receives Notice of Non-Compliance from Nasdaq

Retrieved on: 
Monday, April 24, 2023
Workforce, Letter, International, Calendar, Notification, Form 10-K, Annual report, IBB, Form, IAM, Security (finance), Undue hardship, Cryptocurrency, WALL

The Notification Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market.

Key Points: 
  • The Notification Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market.
  • The Notification Letter stated that, under Nasdaq rules, the Company has 60 calendar days to submit a plan to regain compliance with Nasdaq’s continued listing requirements.
  • If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the filing’s due date, or until October 16, 2023, to regain compliance.
  • The Company intends to file the Form 10-K with the SEC as soon as practicable and regain compliance with Nasdaq’s continued listing requirements.

Village Farms International Provides Update on Nasdaq Listing

Retrieved on: 
Friday, April 21, 2023
Calendar, Auction, Notification

VANCOUVER, British Columbia, April 21, 2023 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced it received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that it is not in compliance with the minimum bid price requirement (NASDAQ Listing Rule) as the bid price for the Company’s common shares closed below US$1.00 (the “Minimum Bid Requirement”) from March 7, 2023 to April 19, 2023 (the “Notification”).

Key Points: 
  • VANCOUVER, British Columbia, April 21, 2023 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced it received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that it is not in compliance with the minimum bid price requirement (NASDAQ Listing Rule) as the bid price for the Company’s common shares closed below US$1.00 (the “Minimum Bid Requirement”) from March 7, 2023 to April 19, 2023 (the “Notification”).
  • The Notification has no immediate effect on the listing of the Company’s common shares on the Nasdaq Capital Market.
  • Under NASDAQ Listing Rule 5810(c)(3)(A), the Company has until October 17, 2023, (a period of 180 calendar days from the date of Notification, the “Compliance Period”) to regain compliance with the Minimum Bid Requirement.
  • During the Compliance Period, Village Farms common shares will continue to trade on the Nasdaq Capital Market.

Baosheng Media Group Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement

Retrieved on: 
Friday, April 7, 2023
BAOS, Letter, Chen Baosheng, Notification, Cryptocurrency

Beijing, China, April 07, 2023 (GLOBE NEWSWIRE) -- Baosheng Media Group Holdings Limited (NASDAQ: BAOS) (“Baosheng” or the “Company”), a China-based online marketing solution provider, today announced that the Company received a written notification (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on April 5, 2023, informing the Company that it has regained compliance with the Nasdaq’s minimum bid price requirement and the matter is closed.

Key Points: 
  • Beijing, China, April 07, 2023 (GLOBE NEWSWIRE) -- Baosheng Media Group Holdings Limited (NASDAQ: BAOS) (“Baosheng” or the “Company”), a China-based online marketing solution provider, today announced that the Company received a written notification (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on April 5, 2023, informing the Company that it has regained compliance with the Nasdaq’s minimum bid price requirement and the matter is closed.
  • On December 19, 2022, the Company was notified by Nasdaq its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given a 180-day extension, or until June 19, 2023 to regain compliance.
  • The Notification Letter the Company received from Nasdaq on April 5, 2023 noted that the Company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days, from March 22, 2023 through April 4, 2023.
  • Nasdaq stated that accordingly, Baosheng has regained compliance with Nasdaq Listing Rule 5550(a)(2).

Sendbird Launches New Offering That Cuts SMS Spend by 50% and Increases Conversion Rate by 2X

Retrieved on: 
Wednesday, March 15, 2023
Acquisition, Brazing, SMS, WYSIWYG, SAN, Porter, API, CleverTap, Automation, Notification, Mobile phone

SAN MATEO, Calif., March 15, 2023 /PRNewswire-PRWeb/ -- Sendbird, the global conversations platform for mobile apps with over 300 million monthly active users, today announced Sendbird Notifications, a low-code, API-based solution that enables product managers and marketers to customize and launch a persistent in-app notifications experience in minutes, delivering 2X the conversion at half the cost of SMS.

Key Points: 
  • The result is a new cost-effective channel for business-to-user communications that drives higher conversion compared to SMS and push.
  • At a time when business leaders must evaluate value delivered from every technology investment, the performance of SMS is under scrutiny.
  • "Customers of all sizes have shared that SMS is the black box of their spend," said Sendbird CEO and Co-founder John S. Kim.
  • Organizations that participated in the Sendbird Notification beta program saw significant savings from SMS at 2X conversion rates.

Organigram Provides NASDAQ Listing Update

Retrieved on: 
Thursday, January 26, 2023
Retail, Specialty, Other Retail, Toronto Stock Exchange, TSX, OGI, Failure, Calendar, Auction, Notification

Organigram Holdings Inc. (“Organigram” or the “Company”) (TSX: OGI; NASDAQ: OGI), today announced that it received notification (the “Notification”) from The Nasdaq Stock Market LLC (“NASDAQ”) that it is not in compliance with the minimum bid price requirement in NASDAQ Listing Rule 5450(a)(1) for continued listing on the NASDAQ Global Select Market, since the closing bid price for the Company’s common shares listed on NASDAQ was below US$1.00 for 30 consecutive trading days.

Key Points: 
  • Organigram Holdings Inc. (“Organigram” or the “Company”) (TSX: OGI; NASDAQ: OGI), today announced that it received notification (the “Notification”) from The Nasdaq Stock Market LLC (“NASDAQ”) that it is not in compliance with the minimum bid price requirement in NASDAQ Listing Rule 5450(a)(1) for continued listing on the NASDAQ Global Select Market, since the closing bid price for the Company’s common shares listed on NASDAQ was below US$1.00 for 30 consecutive trading days.
  • NASDAQ Listing Rule 5450(a)(1) requires the common shares to maintain a minimum bid price of US$1.00 per share (the “Minimum Bid Requirement”), and NASDAQ Listing Rule 5810(c)(3)(A) provides that failure to meet such requirement exists if the deficiency continues for a period of 30 consecutive business days.
  • The Notification has no immediate effect on the listing of the Company’s common shares on the NASDAQ Global Select Market.
  • Under NASDAQ Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of Notification, being until July 24, 2023, to regain compliance with the Minimum Bid Requirement, during which time the common shares will continue to trade on the NASDAQ Global Select Market.

battleface partners with AirLegit to launch FlightGuard48 globally

Retrieved on: 
Wednesday, February 15, 2023
Online, CUO, Notification, API, Corporate travel management, Partnership, Airline

COLUMBUS, Ohio, Feb. 15, 2023 /PRNewswire/ -- battleface today announced a new partnership with AirLegit, the air travel technology company, with the launch of its FlightGuard48 product globally.

Key Points: 
  • COLUMBUS, Ohio, Feb. 15, 2023 /PRNewswire/ -- battleface today announced a new partnership with AirLegit, the air travel technology company, with the launch of its FlightGuard48 product globally.
  • "We are thrilled to be joining forces with the team at AirLegit," said Lisa Conway, CUO at battleface.
  • "The new airline rebooking fee reimbursement option will give AirLegit's partners the ability to assist customers worldwide who are stranded at the airport and help alleviate any financial implications this could have."
  • "We are pleased to partner with battleface's global underwriting and technology teams," said Sneharthi Roy, CEO at AirLegit.

LumiraDx Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

Retrieved on: 
Tuesday, January 31, 2023
Calendar, Failure, Auction, Notification

LONDON, Jan. 31, 2023 (GLOBE NEWSWIRE) -- LumiraDx Limited (Nasdaq: LMDX)(the “Company”) today announced that it has received notification (the “Notification”) from The Nasdaq Stock Market LLC that it is not in compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market, since the closing bid price for the Company’s common shares on the Nasdaq Global Market was below US$1.00 for 30 consecutive trading days.

Key Points: 
  • LONDON, Jan. 31, 2023 (GLOBE NEWSWIRE) -- LumiraDx Limited (Nasdaq: LMDX)(the “Company”) today announced that it has received notification (the “Notification”) from The Nasdaq Stock Market LLC that it is not in compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market, since the closing bid price for the Company’s common shares on the Nasdaq Global Market was below US$1.00 for 30 consecutive trading days.
  • Nasdaq Listing Rule 5450(a)(1) requires the common shares to maintain a minimum bid price of US$1.00 per share (the “Minimum Bid Requirement”), and Nasdaq Listing Rule 5810(c)(3)(A) provides that failure to meet such requirement exists if the deficiency continues for a period of 30 consecutive business days.
  • The Notification has no immediate effect on the listing of the Company’s common shares on the Nasdaq Global Market.
  • If at any time before July 26, 2023, the bid price of the common shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, the Company will regain compliance with the Minimum Bid Requirement.