Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On January 12, 2023, Kubient, Inc. (the "Company") received a deficiency notice
from the Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market
LLC ("Nasdaq"), indicating that, based upon the closing bid price of the
Company's common stock, par value $0.00001 per share, for the prior 30
consecutive business days, the Company was not in compliance with the
requirement to maintain a minimum bid price of $1.00 per share for continued
listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule
5550(a)(2).
Pursuant to Nasdaq Marketplace Rule 5810(c)(3)(A), the Company was provided with
a compliance period of 180 calendar days, or until July 11, 2023, to regain
compliance with the minimum bid price requirement. To regain compliance, the
closing bid price of the Company's common stock must have met or exceeded $1.00
per share for a minimum of 10 consecutive business days prior to July 11, 2023.
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