SaverOne Regains Nasdaq Minimum Bid Price Compliance
Ticker: SVREW · Form: 6-K · Filed: Mar 5, 2024 · CIK: 1894693
| Field | Detail |
|---|---|
| Company | Saverone 2014 Ltd. (SVREW) |
| Form Type | 6-K |
| Filed Date | Mar 5, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | bullish |
Sentiment: bullish
Topics: compliance, listing, nasdaq
TL;DR
SaverOne back above $1 on Nasdaq, dodged delisting.
AI Summary
On March 1, 2024, SaverOne 2014 Ltd. received notification from Nasdaq that it has regained compliance with the minimum bid price requirement of $1.00 or more for its American Depositary Shares. This compliance was achieved by maintaining the minimum closing bid price for at least 10 consecutive business days.
Why It Matters
Regaining compliance with Nasdaq's minimum bid price rule is crucial for SaverOne to maintain its listing on the exchange, avoiding potential delisting and ensuring continued investor confidence.
Risk Assessment
Risk Level: low — The filing is a routine notification of compliance with a listing requirement, indicating a positive development with no immediate new risks introduced.
Key Numbers
- $1.00 — Minimum Bid Price (The threshold SaverOne's ADS needed to maintain to regain compliance with Nasdaq listing rules.)
Key Players & Entities
- SaverOne 2014 Ltd. (company) — The company that received the notification.
- Nasdaq (company) — The stock exchange that issued the compliance notification.
- March 1, 2024 (date) — The date SaverOne received the notification.
- Rule 5550(a)(2) (rule) — The specific Nasdaq Listing Rule SaverOne had to comply with.
- $1.00 (dollar_amount) — The minimum closing bid price required by Nasdaq.
FAQ
What specific Nasdaq rule did SaverOne 2014 Ltd. need to comply with?
SaverOne 2014 Ltd. needed to comply with Nasdaq Listing Rule 5550(a)(2), which sets the minimum bid price requirement.
When did SaverOne 2014 Ltd. receive the notification of compliance?
The company received the notification letter on March 1, 2024.
What is the minimum closing bid price required by Nasdaq?
The minimum closing bid price required is $1.00 or more.
How long did SaverOne's American Depositary Shares need to maintain the minimum bid price?
The American Depositary Shares were required to maintain the minimum closing bid price of $1.00 or more for at least 10 consecutive business days.
What type of filing is this report?
This is a Form 6-K, Report of Foreign Private Issuer.
Filing Stats: 237 words · 1 min read · ~1 pages · Grade level 11.8 · Accepted 2024-03-05 07:00:27
Key Financial Figures
- $1.00 — maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive bus
Filing Documents
- ea0201203-6k_saverone.htm (6-K) — 9KB
- 0001213900-24-019732.txt ( ) — 10KB
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, thereunto duly authorized. SaverOne 2014 Ltd. Date: March 5, 2024 By: /s/ Ori Gilboa Name: Ori Gilboa Title: Chief Executive Officer 2