MariaDB plc: Nasdaq/NYSE listing notice — MariaDB receives NYSE notice for low market cap/equity; adds to prior price deficiency

MariaDB plc

NYSE notified MariaDB on Sept 19, 2023 of non-compliance under Section 802.01B: avg global market cap <$50M and last reported equity <$50M.
Company has 45 days to submit a business plan to cure within 18 months; NYSE will review within 45 days of receipt.
No immediate delisting; shares will continue trading if plan is accepted and progress is reviewed.
This is a second deficiency; MariaDB already has a six-month cure period for stock price below $1.00 (Section 802.01C).

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

MariaDB plc received a nyse noncompliance notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: noncompliance notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

September 19, 2023, MariaDB plc (the “Company”) received written notice (the “Notice”) from the New York Stock Exchange (“NYSE”) that the Company was not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE’s Listed Company Manual because the average global market capitalization of the Company over a consecutive 30 trading-day period was less than $50 million and, at the same time, the Company’s last reported stockholders’ equity was less than $50 million. In accordance with applicable NYSE procedures, the Company plans to notify the NYSE that it intends t

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Source: SEC EDGAR

accession 0001104659-23-103029

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