regulatory
confidence high
sentiment negative
materiality 0.45
ARKO Corp. (ARKO): Nasdaq/NYSE listing notice — ARKO non-compliant with Nasdaq audit committee rule after director resignation; cure period until Nov 1, 2023
ARKO Corp.
- Director Starlette Johnson resigned from board and audit committee effective May 5, 2023.
- Audit Committee now has fewer than three members, violating Nasdaq Listing Rule 5605(c)(2).
- Nasdaq confirmed non-compliance on June 2, 2023; cure period expires November 1, 2023.
- Company expects to cure before deadline and actively seeking audit committee replacement.