micromobility.com Inc. (MCOM): Nasdaq/NYSE listing notice — Nasdaq notifies micromobility.com of delisting due to stock price below $0.10

micromobility.com Inc.

On Aug 4, 2023, Nasdaq issued delisting notice under Low Price Stocks Rule as MCOM closed at $0.10 or less for ten consecutive trading days.
Delisting scheduled for Aug 15, 2023, unless appeal is requested.
Company intends to appeal to Nasdaq hearings panel, automatically staying delisting during process.
Stock and warrants (MCOM, MCOMW) continue trading on Nasdaq pending hearing outcome.
No assurance that panel will grant additional time or accept compliance plan.

Key facts

Extracted from this filing and checked against the source text.

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

micromobility.com Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)(iii)

Exact text from the filing

August 4, 2023, we received a Staff Delisting Determination letter from the Nasdaq Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq"), advising us that as of August 4, 2023, our class A common stock had a closing bid price of $0.10 or less for at least ten consecutive trading days and is subject to Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the "Low Price Stocks Rule"). Accordingly, unless we request an appeal of this Staff Delisting Determination, the Staff has advised us that our class A common stock will be scheduled for delisting from The Nasdaq Capital

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micromobility.com Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-001116

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