ENERGY FOCUS, INC/DE (EFOI): Nasdaq/NYSE listing notice — Energy Focus receives Nasdaq delisting notice; appeals to Hearings Panel

ENERGY FOCUS, INC/DE

Received Feb 21, 2023 notification of non-compliance with bid price rule; ineligible for second 180-day period due to insufficient stockholders' equity ($5M minimum not met as of Sep 30, 2022).
Common stock subject to delisting; appeal requested Feb 24, 2023, staying delisting pending hearing.
No assurance appeal will succeed; if denied, stock will be delisted from Nasdaq.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ENERGY FOCUS, INC/DE received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

February 21, 2023, the Company received written notification (the “Notification”) from Nasdaq stating that the Company had not regained compliance with the Rule and was ineligible to obtain a second 180 calendar day period to regain compliance because it did not meet the Nasdaq Capital Market’s minimum $5,000,000 Stockholders’ Equity initial listing requirement as of September 30, 2022. Pursuant to the Notification, the Company’s common stock is subject to delisting from Nasdaq pending the Company’s opportunity to request a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company in

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

ENERGY FOCUS, INC/DE filing history →

Source: SEC EDGAR

accession 0000924168-23-000014

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