BOWFLEX INC.: Nasdaq/NYSE listing notice — BowFlex receives NYSE non-compliance notice for market cap below $50M

BOWFLEX INC.

Received NYSE notice on Nov 27, 2023 that average global market cap was below $50M and stockholders' equity also below $50M.
Company has 45 days to submit a plan to cure the deficiency within 18 months; intends to submit by Dec 11.
Notice does not immediately affect listing or business operations; stock continues trading on NYSE.
BowFlex plans to submit a plan detailing definitive actions to regain compliance with Section 802.01B.

item 3.01 item 7.01 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 0.9

BOWFLEX INC. received a nyse noncompliance notice notice regarding market value (rules 802.01B, 802.02).

Exchange: nyse
Notice: noncompliance notice
Deficiency: market value
Rules: 802.01B, 802.02

Exact text from the filing

November 27, 2023, Bowflex Inc. (the “Company”) received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50.0 million and, at the same time, its last reported stockholders’ equity was less than $50.0 million. The Company plans to notify the NYSE by December 11, 2023, of its receipt of the Notice and that it intends to submit a plan (the

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Source: SEC EDGAR

accession 0001078207-23-000141

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