Hycroft Mining granted 180-day extension by Nasdaq to regain compliance

Hycroft Mining announced it has received an extension of 180 calendar days or until October 2, 2023, to regain compliance with Nasdaq’s minimum bid price requirement. Nasdaq’s determination is based on the company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Capital Market with the exception of the bid price requirement, and the company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.