MOBIX LABS, INC (MOBX): Nasdaq/NYSE listing notice — Chavant Capital receives Nasdaq delisting notice for failure to meet MVLS minimum; hearing set for Nov 9, 2023
MOBIX LABS, INC
Nasdaq Staff determined Chavant did not regain compliance with $35M MVLS requirement within 180-day period ending Sept 19, 2023.
Company requested hearing before Nasdaq Hearings Panel; delisting action stayed pending final decision.
Hearing scheduled for November 9, 2023; Panel may grant extension up to 180 days.
Securities affected: ordinary shares (CLAY), units (CLAYU), and warrants (CLAYW).
MOBIX LABS, INC received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2)).
Exchange
nasdaq
Notice
delisting notice
Deficiency
market value
Rules
5550(b)(2)
Exact text from the filing
y the Company, which indicated that for the previous 30 consecutive business days, the minimum Market Value of Listed Securities (“MVLS”) for the Company’s ordinary shares was below the $35 million minimum MVLS requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”) and that the Company had until September 19, 2023 to regain compliance. The Notice states that the Company has not regained compliance with the MVLS Rule within the required 180-day period and that the ordinary shares and the other listed securities of the Company (Nasda
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