CONX Corp.: Nasdaq/NYSE listing notice — CONX Corp. receives Nasdaq delisting notice for failing MVLS minimum of $35M

CONX Corp.

Nasdaq notified CONX on Aug 14, 2023 that its market value of listed securities (MVLS) fell below the $35M minimum.
Company has a 180-day compliance period until February 12, 2024 to regain compliance.
To cure, MVLS must close at $35M or more for at least 10 consecutive business days.
Failure to regain compliance may result in delisting, subject to appeal to a Nasdaq Hearings Panel.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

CONX Corp. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

August 14, 2023, the staff of The Nasdaq Stock Market LLC (“Nasdaq”) notified CONX Corp., a Nevada corporation (the “Company”) that it no longer meets Listing Rule 5550(b)(2) (the “Rule”) requiring the Company to maintain a minimum market value of listed securities (“MVLS”) of $35 million. The notice was based on a review of the Company’s MVLS for the past 30 consecutive business days. Nasdaq’s listing rules provide the Company a compliance period of 180 calendar days, or until February 12, 2024, in which to regain compliance. If at any time during this compliance period the Company’s MVLS clo

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Source: SEC EDGAR

accession 0001104659-23-093513

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