LivePerson Faces Nasdaq Delisting Warning

TL;DR

LPSN got a Nasdaq delisting warning for low stock price, has 6 months to fix it.

AI Summary

LivePerson, Inc. announced on May 10, 2024, that it received a notice from the Nasdaq Stock Market indicating a failure to meet the minimum bid price requirement for continued listing. The company has 180 calendar days, until November 6, 2024, to regain compliance by achieving a closing bid price of $1.00 or more for at least 10 consecutive business days.

Why It Matters

This filing signals potential delisting from Nasdaq, which could significantly impact the company's stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — The company is at high risk of delisting from Nasdaq due to failing to meet the minimum bid price requirement.

Key Numbers

• 180 — calendar days (Time to regain compliance)
• $1.00 — minimum bid price (Requirement for continued listing)

Key Players & Entities

• LivePerson, Inc. (company) — Registrant
• Nasdaq Stock Market (company) — Listing exchange
• May 10, 2024 (date) — Date of notice
• November 6, 2024 (date) — Compliance deadline
• $1.00 (dollar_amount) — Minimum bid price requirement

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share LPSN The Nasdaq Stock Market
• $1.00 — Company's common stock has fallen below $1.00 per share for 30 consecutive business d

Filing Documents

• lpsn-20240510.htm (8-K) — 33KB
• 0001102993-24-000086.txt ( ) — 196KB
• lpsn-20240510.xsd (EX-101.SCH) — 2KB
• lpsn-20240510_def.xml (EX-101.DEF) — 16KB
• lpsn-20240510_lab.xml (EX-101.LAB) — 27KB
• lpsn-20240510_pre.xml (EX-101.PRE) — 16KB
• lpsn-20240510_htm.xml (XML) — 4KB

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 May 10, 2024, LivePerson, Inc. (the "Company") received written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") that the closing bid price for the Company's common stock has fallen below $1.00 per share for 30 consecutive business days, as a result of which the Company no longer complies with the minimum bid price requirement for continued listing of the Company's common stock on the Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the "Minimum Bid Price Requirement"), and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the Minimum Bid Price Requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days following the date of the Notice, or until November 6, 2024, in which to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days prior to November 6, 2024, unless the Nasdaq staff exercises its discretion to require the Company to meet the Minimum Bid Price Requirement for a longer period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Company does not regain compliance within the allotted grace period, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company's common stock will be subject to delisting. The Company would then be entitled to appeal Nasdaq's delisting determination. The Company intends to actively monitor the closing bid price of its common stock, and will consider

View Full Filing

View this 8-K filing on SEC EDGAR