CalAmp Corp.: Nasdaq/NYSE listing notice — CalAmp receives Nasdaq deficiency notice for stockholders' equity

CalAmp Corp.

Nasdaq notified CalAmp on Jan 18, 2024 of non-compliance with $10M stockholders' equity requirement.
Company must submit a compliance plan by March 4, 2024 to regain listing compliance.
CalAmp also has an existing bid price deficiency from August 22, 2023.
If plan is rejected or not cured, stock faces delisting from Nasdaq Global Select Market.
Company intends to submit plan; delisting could move trading to OTC Markets.

Key facts

Extracted from this filing and checked against the source text.

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

CalAmp Corp. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A), 5450(b)(2), 5450(b)(3)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5450(b)(1)(A), 5450(b)(2), 5450(b)(3)

Exact text from the filing

January 18, 2024, CalAmp Corp. (the “Company”) received a deficiency letter (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A). Nasdaq Listing Rule 5450(b)(1)(A) requires listed companies to maintain stockholders’ equity of at least $10,000,000 (the “Stockholders’ Equity Requirement”). Nasdaq further indicated that, as of the date of the Notice, the Company did not comply with certain requirements under the alternative

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Source: SEC EDGAR

accession 0000950170-24-005811

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