Applied UV, Inc. has received a notification from the Nasdaq Listing Qualifications Staff on May 16, 2024, indicating that the company's common stock did not meet the minimum closing bid price of $1.00 per share over a 31 consecutive business day period from April 3, 2024, to May 15, 2024. This requirement is a condition for continued listing on The Nasdaq Capital Market under the Nasdaq Listing Rule 5550(a)(2). The company has been granted an initial 180-day compliance period, ending on November 12, 2024, to address and rectify the bid price deficiency. If Applied UV fails to regain compliance within this timeframe, it may be eligible for an additional 180-day period, provided it meets certain conditions, including the possibility of a reverse stock split. Failure to comply within the...Show More

Applied UV, Inc. has received a notification from the Nasdaq Listing Qualifications Staff on May 16, 2024, indicating that the company's common stock did not meet the minimum closing bid price of $1.00 per share over a 31 consecutive business day period from April 3, 2024, to May 15, 2024. This requirement is a condition for continued listing on The Nasdaq Capital Market under the Nasdaq Listing Rule 5550(a)(2). The company has been granted an initial 180-day compliance period, ending on November 12, 2024, to address and rectify the bid price deficiency. If Applied UV fails to regain compliance within this timeframe, it may be eligible for an additional 180-day period, provided it meets certain conditions, including the possibility of a reverse stock split. Failure to comply within the granted periods could lead to the delisting of the company's common stock from The Nasdaq Capital Market. However, the notice does not immediately affect the listing of Applied UV's common stock, which will continue to trade under the symbol 'AUVI'. The company is currently exploring options to regain compliance, but there is no certainty that it will achieve this or maintain other Nasdaq listing requirements. The report was signed by Mike Riccio, Chief Financial Officer of Applied UV, Inc., on May 22, 2024.