META MATERIALS INC.: Nasdaq/NYSE listing notice — Meta Materials receives Nasdaq delisting notice; appeals hearing set for March 21, 2024

META MATERIALS INC.

Nasdaq notified Meta Materials on Nov 27 that stock closed at $0.10 or less for ten consecutive days, triggering delisting.
Company appealed on Nov 28; hearing before Nasdaq Panel scheduled for March 21, 2024.
Delisting stayed pending hearing outcome; shares continue trading under MMAT during appeal.
Previous non-compliance with $1 minimum bid price; extension had been granted to March 18, 2024.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

META MATERIALS INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)(iii)

Exact text from the filing

November 27, 2023, the Company received a notification letter from Nasdaq notifying the Company that, as of November 24, 2023, the Company’s common stock had a closing bid price of $0.10 or less for ten consecutive trading days and that, consistent with Nasdaq Listing Rule 5810(c)(3)(A)(iii), the Staff has determined to delist the Company’s common stock from The Nasdaq Capital Market. The notice further provides that the Company had until December 4, 2023 to appeal the Staff’s decision. On November 28, 2023, the Company timely submitted a request for a hearing before the Nasdaq Hearings Panel

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Source: SEC EDGAR

accession 0000950170-23-066907

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