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home / news releases / SEV - Sono Group receives Nasdaq notification regarding minimum bid price deficiency

SEV - Sono Group receives Nasdaq notification regarding minimum bid price deficiency

Sevcon Inc.

2023-03-24 17:30:17 ET

  • Sono Group ( NASDAQ: SEV ) has received a letter from The Nasdaq notifying the Co. that the minimum closing bid price per share of its common shares was below $1.00 for a period of 30 consecutive business days.
  • Pursuant to Nasdaq Listing Rule, the Co. has a compliance period of 180 calendar days, or until 18 Sept. 2023, to regain compliance with Nasdaq’s minimum bid price requirement.
  • In the event the Company does not regain compliance by 18 September 2023, it may be eligible for an additional 180 calendar day grace period.

For further details see:

Sono Group receives Nasdaq notification regarding minimum bid price deficiency
Stock Information
Company Name: Sevcon Inc.
Stock Symbol: SEV
Market: NASDAQ
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