CalAmp Corp.: Nasdaq/NYSE listing notice — CalAmp gets Nasdaq extension to July 16, 2024 to meet $10M equity requirement

CalAmp Corp.

Nasdaq accepted CalAmp's plan to regain compliance with the $10M stockholders' equity requirement.
Company has until July 16, 2024 to demonstrate compliance; previously disclosed non-compliance on Jan 18, 2024.
If compliance not shown by deadline, common stock (CAMP) will be subject to delisting; hearing may be requested.
The acceptance of the plan provides a temporary stay; any delisting action would be stayed pending a hearing.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

CalAmp Corp. received a nasdaq extension granted notice regarding stockholders equity (rules 5450(b)(1)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: stockholders equity
Rules: 5450(b)(1)(A)

Exact text from the filing

April 23, 2024, CalAmp Corp. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Staff had accepted the Company’s plan to regain compliance with the minimum stockholders’ equity requirement set forth in Nasdaq Listing Rule 5450(b)(1)(A), which requires a minimum of $10,000,000 in stockholders’ equity for continued listing on The Nasdaq Global Select Market (the “Stockholders’ Equity Requirement”). As previously disclosed, on January 18, 2024, the Staff notified the Company that it no

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Source: SEC EDGAR

accession 0000950170-24-047631

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