AquaBounty Technologies Faces Listing Rule Issues
Ticker: AQB · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1603978
| Field | Detail |
|---|---|
| Company | Aquabounty Technologies Inc (AQB) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-rules, compliance
TL;DR
AquaBounty's stock might be delisted due to listing rule violations.
AI Summary
AquaBounty Technologies, Inc. filed an 8-K on January 17, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The company, incorporated in Delaware, is based in Harvard, Massachusetts, and operates in the fishing and hunting sector.
Why It Matters
This filing indicates potential issues with AquaBounty's continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading and overall financial stability.
Key Numbers
- 001-36426 — SEC File Number (Identifies the company's filing with the SEC.)
- 04-3156167 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- AquaBounty Technologies, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Harvard, Massachusetts (location) — Principal executive offices
- January 15, 2025 (date) — Date of earliest event reported
- January 17, 2025 (date) — Filing date
FAQ
What specific listing rule or standard has AquaBounty Technologies failed to satisfy?
The filing does not specify the exact rule or standard that AquaBounty Technologies has failed to satisfy, only that a notice has been issued.
What is the potential consequence of failing to satisfy a continued listing rule?
Failure to satisfy a continued listing rule can lead to the delisting of the company's securities from the exchange.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 15, 2025.
What is AquaBounty Technologies' principal executive office location?
AquaBounty Technologies' principal executive offices are located at 233 Ayer Road, Suite 4, Harvard, Massachusetts, 01451.
What is the SIC code for AquaBounty Technologies?
The Standard Industrial Classification (SIC) code for AquaBounty Technologies is 0900, which falls under Fishing, Hunting & Trapping.
Filing Stats: 933 words · 4 min read · ~3 pages · Grade level 13.5 · Accepted 2025-01-17 08:05:21
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share AQB The NASDAQ Stock Mark
- $1.00 — e "Common Stock"), had closed below the $1.00 per share minimum bid price requirement
Filing Documents
- aqb-20250115x8k.htm (8-K) — 64KB
- 0001603978-25-000003.txt ( ) — 188KB
- aqb-20250115.xsd (EX-101.SCH) — 2KB
- aqb-20250115_lab.xml (EX-101.LAB) — 21KB
- aqb-20250115_pre.xml (EX-101.PRE) — 12KB
- aqb-20250115x8k_htm.xml (XML) — 5KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 15, 2024, AquaBounty Technologies, Inc. (the "Company") received a letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, for the last 32 consecutive business days, the closing bid price for its common stock, par value $0.001 per share (the "Common Stock"), had closed below the $1.00 per share minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). The Notice has no immediate effect on the Company's listing on the Nasdaq Capital Market or on the trading of the Common Stock, which continues to trade under the symbol "AQB". In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until July 15, 2025, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Company's Common Stock must be at least $1.00 per share for a minimum of ten consecutive business days as required under Nasdaq Listing Rule 5810(c)(3)(A) during the compliance period. If the Company does not regain compliance by July 15, 2025, the Company may be eligible for an additional 180-calendar day compliance period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards on the Nasdaq Capital Market (except the bid price requirement). In addition, the Company would be required to provide written notice of its intention to cure the minimum bid price deficiency during this second 180-day compliance period by effecting a reverse stock split, if necessary. If the Company is not granted an additional 180-day compliance period, then Nasdaq would provide written notification that the Comp
Forward-Looking Statements
Forward-Looking Statements
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AquaBounty Technologies, Inc. (Registrant) Date: January 17, 2025 /s/ David A. Frank David A. Frank Interim Chief Executive Officer, Chief Financial Officer and Treasurer