CapForce Inc.: Nasdaq/NYSE listing notice — OpGen receives Nasdaq delisting notice, appeals; hearing expected Q1 2024

CapForce Inc.

Nasdaq notified OpGen on Dec 6, 2023 that it is not eligible for additional bid price extension due to continued non-compliance and failure to meet initial stockholders' equity requirement.
Original delisting effective Dec 15, 2023; OpGen requested a hearing on Dec 11, staying any suspension until hearing process concludes.
Hearing before Nasdaq Hearings Panel expected in Q1 2024; OPGN stock continues trading on Nasdaq Capital Market under symbol 'OPGN'.
Company intends to present a plan to regain compliance with the $1.00 minimum bid price rule, but no assurance of success.
If delisted, trading liquidity and price could suffer materially, and ability to raise capital may be impaired.

item 3.01 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

CapForce Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

December 6, 2023, the Company received written notification (the “December Notice”) from the Staff indicating that, based upon (i) the Company's continued non-compliance with the Minimum Bid Price Rule and (ii) the Company's inability to meet Nasdaq’s initial listing requirement for maintaining a minimum of stockholders' equity, the Staff determined that the Company was not eligible for an additional 180 day extension to meet the Minimum Bid Price Rule. As a result, the Staff determined to delist the Company's securities from Nasdaq, effective December 15, 2023, unless the Company timely reque

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Source: SEC EDGAR

accession 0001079973-23-001739

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