Marpai, Inc. (MRAI): Nasdaq/NYSE listing notice — Marpai receives Nasdaq delisting notice for MVLS below $35M minimum

Marpai, Inc.

Received Nasdaq notice on May 31, 2023, that MVLS below $35M for 30 consecutive business days.
Has until November 27, 2023 (180 days) to regain compliance.
To regain compliance, MVLS must close at or above $35M for at least 10 consecutive business days.
If noncompliant, Nasdaq will issue delisting notice; company may appeal to a Hearings Panel.
Company intends to monitor MVLS and may consider available options to regain compliance.

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

Marpai, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

May 31, 2023, Marpai, Inc. (the “Company”) received a notification letter (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) advising the Companythat for the last 30 consecutive business days preceding the date of the Notice, the Company’s Market Value of Listed Securities (“MVLS”) has been below the minimum of $35,000,000 required for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550(b)(2) (the “MVLS Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has 180 calendar days, or until November 27, 2023, to regain compliance with the MVLS Requi

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Marpai, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-026052

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