SemiLEDs Corp (LEDS): Nasdaq/NYSE listing notice — SemiLEDs receives Nasdaq deficiency notice for stockholders' equity below $2.5M

SemiLEDs Corp

Company does not meet minimum $2.5M stockholders' equity under Listing Rule 5550(b)(1).
Alternatives of market value of listed securities or net income from continuing operations also not met.
SemiLEDs has 45 calendar days to submit a plan to regain compliance.
If accepted, Nasdaq may grant an extension of up to 180 days from Dec 4, 2024.

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

SemiLEDs Corp received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

December 4, 2024, the Company received a separate notice from The NASDAQ Stock Market indicating that the Company does not meet the minimum of $2,500,000 in stockholders’ equity required by Listing Rule 5550(b)(1) for continued listing. The Company also does not meet the alternatives of market value of listed securities or net income from continuing operations. Under the listing rule, the Company has 45 calendar days to submit a plan to regain compliance. If the plan is accepted by The NASDAQ Stock Market, an extension of up to 180 calendar days from December 4, 2024 will be granted. 2 SIGNATU

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Source: SEC EDGAR

accession 0000950170-24-134256

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