Bridgeline Digital Faces Delisting Concerns
Ticker: BLIN · Form: 8-K · Filed: Aug 9, 2024 · CIK: 1378590
| Field | Detail |
|---|---|
| Company | Bridgeline Digital, INC. (BLIN) |
| Form Type | 8-K |
| Filed Date | Aug 9, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-rule, compliance
Related Tickers: BLIN
TL;DR
Bridgeline Digital (BLIN) is on notice for potential delisting – big trouble ahead.
AI Summary
Bridgeline Digital, Inc. filed an 8-K on August 9, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company, incorporated in Delaware with its principal executive offices in Woburn, MA, is subject to this filing as of August 9, 2024.
Why It Matters
This filing indicates potential issues with Bridgeline Digital's compliance with stock exchange listing requirements, which could impact its stock's tradability 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 status and overall financial health.
Key Players & Entities
- Bridgeline Digital, Inc. (company) — Registrant
- August 9, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of Incorporation
- Woburn, MA (location) — Address of Principal Executive Offices
- 001-33567 (identifier) — Commission File Number
FAQ
What is the specific reason for Bridgeline Digital's notice of delisting or failure to satisfy a continued listing rule?
The filing does not specify the exact rule or standard that Bridgeline Digital has failed to satisfy, only that a notice has been issued.
When was the earliest event reported in this 8-K filing?
The earliest event reported is August 9, 2024, which is also the date of the report.
What is Bridgeline Digital's Commission File Number?
Bridgeline Digital's Commission File Number is 001-33567.
Where are Bridgeline Digital's principal executive offices located?
Bridgeline Digital's principal executive offices are located at 100 Sylvan Road, Suite G700, Woburn, MA 01801.
What is the IRS Employer Identification Number for Bridgeline Digital?
The IRS Employer Identification Number for Bridgeline Digital is 52-2263942.
Filing Stats: 631 words · 3 min read · ~2 pages · Grade level 13.1 · Accepted 2024-08-09 16:08:05
Key Financial Figures
- $1.00 — ment to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listi
Filing Documents
- blin20240808_8k.htm (8-K) — 27KB
- 0001437749-24-025862.txt ( ) — 156KB
- blin-20240809.xsd (EX-101.SCH) — 3KB
- blin-20240809_def.xml (EX-101.DEF) — 11KB
- blin-20240809_lab.xml (EX-101.LAB) — 15KB
- blin-20240809_pre.xml (EX-101.PRE) — 11KB
- blin20240808_8k_htm.xml (XML) — 3KB
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 August 9, 2024, Bridgeline Digital, Inc. (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, based upon the closing bid price of the Company's common stock ("Common Stock") for the thirty-one (31) consecutive business days ended August 8, 2024, the Company no longer satisfies the requirement to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Requirement"). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until February 5, 2025 (the "Initial Compliance Period"), to regain compliance by satisfying the Bid Price Requirement for a minimum of ten (10) consecutive business days during the Initial Compliance Period. If the Company does not regain compliance within the Initial Compliance Period, it may be provided an additional compliance period of 180 calendar days (the "Additional Compliance Period"). To qualify for the Additional Compliance Period, the Company must satisfy the continued listing requirement for the market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market. The Company would also be required to provide written notice to Nasdaq of its intent to cure the deficiency. The letter does not result in the immediate delisting of the Company's Common Stock from The Nasdaq Capital Market. The Company will continue to monitor the closing bid price of its Common Stock and consider its available options in the event it is unable regain compliance with the Bid Price Requirement.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRIDGELINE DIGITAL, INC. (Registrant) Date: August 9, 2024 By: /s/ Thomas R. Windhausen Thomas R. Windhausen Chief Financial Officer