Cuentas Inc. (CUEN): Nasdaq/NYSE listing notice — Cuentas faces Nasdaq delisting for failing to meet $2.5M equity minimum

Cuentas Inc.

Received Nasdaq Staff Determination on Oct 3, 2023 for missing deadline to submit compliance plan under Listing Rule 5550(b)(1).
Company will request a hearing; hearing request stays any suspension or delisting until panel decides.
Panel may grant extension until April 1, 2024, but no assurance of ultimate compliance.

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

Cuentas Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

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

Exact text from the filing

ued Listing Rule or Standard; Transfer of Listing. On October 3 2023, Cuentas Inc.(Nasdaq: CUEN) (“the “Company”) received a Staff Determination Letter from Nasdaq Regulation stating that due to the Company’s failure by October 2, 2023, to submit a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1), the $2.5 million stockholders’ equity requirement, the Company would be subject to delisting unless it timely requests a hearing before a Nasdaq Hearings Panel (the “Panel”). Accordingly, the Company intends to timely request a hearing before the Panel. The hearing request will stay any

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Cuentas Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-001706

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