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