Avid Bioservices Inc (CDMO)

[Carboat]

However, the extension is not automatic and one must show a plan to get over $1 which means SH approval of a split that they can show Nasdaq they have the authority to do if necessary.

This is not a requirement to get an extension. Look at all of the companies that have had extensions without a RS vote.
"If a company listed on the NCM is unable to regain compliance with the $1.00 minimum bid price requirement within the initial 180 day period, it will receive a second 180 day grace period provided the company (a) has at least $1 million in market value of shares held by non-affiliates and satisfies all of the other listing requirements for initial listing on the NCM "