Sphere 3D Corporation Any In after-hours trading on Tuesday, the stock is trading about 3.16% lower at $0.40.
What happened: On Tuesday, Sphere 3D received notice from Nasdaq that it has an additional 180 days or until July 24, 2023 to reinstate compliance with the listing rules’ $1.00 minimum bid requirement. I was.
Sphere 3D said the notice indicated that the company did not restore compliance during the initial 180-day grace period provided under the Listing Rules.
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Important reasons: If Sphere 3D does not regain compliance by July 24, 2023, or if the company fails to meet another Nasdaq requirement to remain listed, Nasdaq staff will consider the company’s common stock subject to delisting. can be notified that
Sphere 3D said it will actively monitor the closing price of its common stock and will consider available options to resolve deficiencies and restore compliance with listing rules.
Sphere 3D Corp has a 52-week high of $3.41 and a 52-week low of $0.23, according to Benzinga Pro data.
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