Sotherly Hotels Inc. (SOHOO): Nasdaq/NYSE listing notice — Sotherly Hotels receives Nasdaq bid price deficiency notice for common stock

Sotherly Hotels Inc.

Received Nasdaq notice on Feb 11, 2025 that common stock bid price below $1.00 for 30 consecutive business days.
Has 180 calendar days, until August 11, 2025, to regain compliance by closing at $1.00+ for 10 consecutive days.
If not compliant by Aug 11, 2025, may be eligible for additional 180-day period if transfers to Nasdaq Capital Market.
Company's common stock continues trading under symbol SOHO on Nasdaq Global Market during cure period.

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

Sotherly Hotels Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

February 11, 2025, Sotherly Hotels Inc. (the “Company”) received a deficiency letter (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that, for the last 30 consecutive business days, the

View on SEC.gov

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

Sotherly Hotels Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

February 11, 2025, Sotherly Hotels Inc. (the “Company”) received a deficiency letter (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock has been below the minimum $1.00 bid price per share requirement for continued listing on The Nasdaq Global Market pursuant to Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade on The Nasdaq Gl

View on SEC.gov

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Sotherly Hotels Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-021124

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