HUB Receives Nasdaq Notification Regarding Minimum Bid Price Requirement
HUB Security (Nasdaq: HUBC) has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement. The company's stock has closed below $1.00 per share for 30 consecutive business days. HUB has been given an initial 180-calendar day period, ending on January 13, 2025, to regain compliance.
To meet the requirement, HUBC's closing bid price must be at least $1.00 for a minimum of 10 consecutive business days. If compliance is not achieved within this period, HUB may be eligible for an additional 180-day compliance period, subject to meeting certain conditions. Failure to regain compliance could result in delisting from Nasdaq, pending an appeal.
The company's business operations remain unaffected by this notification, and HUB intends to monitor its stock price and consider options to regain compliance.
HUB Security (Nasdaq: HUBC) ha ricevuto una notifica da Nasdaq che indica una non conformità con il requisito del prezzo minimo di offerta. Il titolo della società ha chiuso al di sotto di $1,00 per azione per 30 giorni lavorativi consecutivi. HUB ha ricevuto un periodo iniziale di 180 giorni di calendario, che termina il 13 gennaio 2025, per ripristinare la conformità.
Per soddisfare il requisito, il prezzo di chiusura di HUBC deve essere almeno $1,00 per un minimo di 10 giorni lavorativi consecutivi. Se la conformità non viene raggiunta entro questo periodo, HUB potrebbe essere idonea per un ulteriore periodo di conformità di 180 giorni, a condizione che vengano soddisfatte determinate condizioni. La mancata riconquista della conformità potrebbe comportare la delisting da Nasdaq, in attesa di un ricorso.
Le operazioni commerciali della società rimangono inalterate da questa notifica e HUB intende monitorare il proprio prezzo azionario e considerare opzioni per riconquistare la conformità.
HUB Security (Nasdaq: HUBC) ha recibido una notificación de Nasdaq indicando el incumplimiento con el requisito del precio mínimo de oferta. Las acciones de la empresa han cerrado por debajo de $1,00 por acción durante 30 días hábiles consecutivos. HUB ha recibido un período inicial de 180 días calendario, que termina el 13 de enero de 2025, para recuperar el cumplimiento.
Para cumplir con el requisito, el precio de cierre de HUBC debe ser al menos $1,00 durante un mínimo de 10 días hábiles consecutivos. Si no se logra el cumplimiento dentro de este período, HUB podría ser elegible para un período adicional de cumplimiento de 180 días, sujeto a cumplir ciertas condiciones. No recuperar el cumplimiento podría resultar en la exclusión de Nasdaq, pendiente de apelación.
Las operaciones comerciales de la empresa no se ven afectadas por esta notificación, y HUB tiene la intención de monitorear el precio de sus acciones y considerar opciones para recuperar el cumplimiento.
HUB 보안(Nasdaq: HUBC)은 최소 입찰 가격 요건 불이행에 대한 나스닥의 통지를 받았습니다. 회사 주가는 30일 연속적으로 주당 $1.00 이하로 마감했습니다. HUB는 2025년 1월 13일 종료되는 초기 180일 달력 기간을 부여받아 준수를 회복해야 합니다.
요건을 충족하기 위해 HUBC의 종가가 최소 10일 연속 비즈니스 일을 위해 $1.00 이상이어야 합니다. 이 기간 내에 준수를 달성하지 못할 경우 HUB는 특정 조건을 충족하는 경우 180일 추가 준수 기간을 받을 수 있습니다. 준수를 회복하지 못하면 나스닥에서 상장 폐지될 수 있으며, 이의신청이 가능합니다.
회사의 비즈니스 운영은 이 통지의 영향을 받지 않으며, HUB는 주가를 모니터링하고 준수를 회복하기 위한 옵션을 고려할 계획입니다.
HUB Security (Nasdaq: HUBC) a reçu une notification de Nasdaq indiquant un non-respect de l'exigence de prix d'offre minimum. L'action de la société a clôturé en dessous de 1,00 $ par action pendant 30 jours ouvrables consécutifs. HUB a reçu une période initiale de 180 jours calendaires, se terminant le 13 janvier 2025, pour retrouver sa conformité.
Pour respecter cette exigence, le prix de clôture de HUBC doit être d'au moins 1,00 $ pendant un minimum de 10 jours ouvrables consécutifs. Si la conformité n'est pas respectée durant cette période, HUB pourrait être éligible à une période de conformité supplémentaire de 180 jours, sous réserve de respecter certaines conditions. Le non-respect de la conformité pourrait entraîner une radiation de Nasdaq, en attente d'appel.
Les activités commerciales de la société demeurent inchangées par cette notification et HUB prévoit de surveiller le prix de ses actions et de considérer des options pour retrouver la conformité.
HUB Security (Nasdaq: HUBC) hat eine Mitteilung von Nasdaq erhalten, die auf eine Nichteinhaltung des Mindestgebotspreisbedarfs hinweist. Die Aktie des Unternehmens hat an 30 aufeinanderfolgenden Geschäftstagen unter 1,00 $ pro Aktie geschlossen. HUB hat einen initialen Zeitraum von 180 Kalendertagen, der am 13. Januar 2025 endet, um die Einhaltung wiederherzustellen.
Um die Anforderungen zu erfüllen, muss der Schlusskurs von HUBC mindestens 1,00 $ für mindestens 10 aufeinanderfolgende Geschäftstage betragen. Wenn innerhalb dieses Zeitraums keine Einhaltung erzielt wird, könnte HUB für einen zusätzlichen Zeitraum von 180 Tagen zur Einhaltung berechtigt sein, vorausgesetzt, es werden bestimmte Bedingungen erfüllt. Das Versäumnis, die Einhaltung wiederherzustellen, könnte zur Delistung von Nasdaq führen, vorausgesetzt, es erfolgt eine Berufung.
Die Geschäftstätigkeit des Unternehmens bleibt von dieser Mitteilung unberührt, und HUB hat die Absicht, den Aktienkurs zu überwachen und Optionen zur Wiederherstellung der Einhaltung in Betracht zu ziehen.
- Company's ordinary shares continue to trade on Nasdaq under the symbol 'HUBC'
- Business operations are not affected by the notification
- Possibility of additional 180-day compliance period if initial period is not successful
- Non-compliance with Nasdaq's minimum bid price requirement of $1.00 per share
- Risk of potential delisting from Nasdaq if compliance is not regained
- Stock price has remained below $1.00 for 30 consecutive business days
TEL AVIV, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Security Ltd (Nasdaq: HUBC), a developer of cybersecurity solutions and services (“HUB” or the “Company”), received a notification from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5450(a)(1), because for the past 30 consecutive business days preceding the date of the notification (“Notice”), the bid price per share of the Company’s ordinary shares, no par value (“Ordinary Shares”) had closed below the
The Notice has no immediate effect on the listing of the Company’s Ordinary Shares, and the Company’s Ordinary Shares continue to trade on Nasdaq under the symbol “HUBC”.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided with an initial 180-calendar day period, ending on January 13, 2025, (the “Initial Compliance Period”) to regain compliance with the Minimum Bid Price Requirement. If at any time during the Initial Compliance Period, the closing bid price per share of the Ordinary Shares is at least U$
If the Company does not regain compliance within the Initial Compliance Period, it may be eligible for an additional 180- calendar day compliance period, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii), provided that it meets the applicable market value of publicly held shares requirement for continued listing and all applicable standards for initial listing on the Nasdaq Capital Market (except the Minimum Bid Price Requirement) and notifies Nasdaq of its intent to cure this deficiency during this second compliance period. If the Company has not regained compliance within the period(s) granted by Nasdaq, including any extensions, the Ordinary Shares will be subject to delisting, pending an appeal to the Nasdaq Hearing Panel.
The Company’s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its Ordinary Shares and will consider its options in order to regain compliance with the Minimum Bid Price Requirement.
For further information or inquiries, please contact: info@hubsecurity.com
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FAQ
What is the minimum bid price requirement that HUBC failed to meet?
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