micromobility.com Inc. (MCOM): Nasdaq/NYSE listing notice — Micromobility.com receives Nasdaq extension to Dec 29, 2023, subject to compliance conditions

micromobility.com Inc.

Nasdaq Panel granted continued listing subject to bid price and MVLS compliance by Dec 29, 2023.
Audit committee rule (three independent directors) must be satisfied by Dec 1, 2023.
Company also faces prior deficiencies: bid price <$1, MVLS <$15M, and board independence.
Company will seek shareholder approval for reverse stock split as part of compliance plan.
Delisting risk remains if conditions not met; warrants (MCOMW) would also be delisted.

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 audit committee (rules 5605(c)(2), 5605(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: audit committee
Rules: 5605(c)(2), 5605(a)(2)

Exact text from the filing

November 6, 2023, micromobility.com Inc. (the “Company”) received an additional written notice of determination of delisting (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq ”) notifying the Company that, based on the composition of its board of directors, the Company did not comply with the audit committee requirement for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5605(c)(2) (the “Rule”). The Rule requires a listed company to maintain an audit committee of the board of directors that is comprised of at least

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micromobility.com Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-001543

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