Datavault AI Inc. (DVLT): Nasdaq/NYSE listing notice — WiSA gets second 180-day Nasdaq extension to June 20, 2023; also cited for Rule 5635(d) non-compliance

Datavault AI Inc.

Nasdaq granted second 180-day extension until June 20, 2023 to meet minimum $1 bid price per share.
WiSA also received notice of non-compliance with Listing Rule 5635(d) regarding discount in recent public offering; plan due Feb 6, 2023.
Company intends to cure bid price deficiency via reverse stock split if needed; stock continues trading on Nasdaq during extension.
First 180-day compliance period ended Dec 20, 2022 without meeting bid price requirement.

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

Datavault AI Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

ination to a hearings panel. We can give no assurance that the Company will regain or demonstrate compliance by June 20, 2023. On December 21, 2022 the Company also received a letter from the Staff notifying the Company that the Staff has determined that the Company did not comply with Listing Rule 5635(d) because its recently closed public offering did not meet the Nasdaq definition of a public offering under Listing Rule IM-5635-3. The Staff’s determination was based on the significant discount to the “Minimum Price,” as defined in Nasdaq rules. Under Nasdaq rules, the Company has until Febr

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-130039

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