Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing
On December 27, 2019, Sypris Solutions, Inc. (the "Company") received a letter
(the "Notice") from the Listing Qualifications Staff of The NASDAQ Stock Market
("Nasdaq") stating that the Company is not currently in compliance with the
requirement to maintain a minimum bid price of $1 per share, as set forth in
Nasdaq Listing Rule 5450(a)(1). The Notice does not result in the immediate
delisting of the Company's common stock from the Nasdaq Global Market.
In order to regain compliance, the closing bid price of the Company's common
stock must be at least $1 per share for ten consecutive business days during the
period of 180 calendar days from the date of the notice. The Company will
monitor the closing bid price of its common stock and consider available options
in the event that the closing bid price of its common stock continues to remain
below $1 per share. There can be no assurance that the Company will be able to
regain compliance with the minimum bid price requirement or maintain compliance
with the other Nasdaq listing requirements.
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