BIO-key International announced it has received a continued listing deficiency notice from The Nasdaq Stock Market LLC because its share price has not met the $1.00 minimum closing bid price requirement for 30 consecutive trading days – pursuant to Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A). This notice has no immediate effect on the company’s Nasdaq listing or the trading of its common stock. BIO-key has a 180-day period, until July 11, 2023, in which to regain compliance with the minimum bid price requirement. If at any time during this period, the closing bid price of BIO-key’s common stock is at least $1.00 per share for a minimum of ten consecutive trading days, Nasdaq will provide a written confirmation of compliance and the matter would be resolved.
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