Datavault AI Inc. (DVLT): Nasdaq/NYSE listing notice — WiSA receives Nasdaq minimum bid price deficiency notice; 180 days to comply

Datavault AI Inc.

Closing bid price of common stock (WISA) below $1.00 for 30 consecutive business days triggered deficiency notice on Oct 5, 2023.
Company has until April 2, 2024 (180 days) to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not compliant by April 2, 2024, an additional 180-day grace period may be available subject to other listing standards.
Company evaluating measures to address deficiency but cautions no assurance of regaining compliance or securing extension.

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 0.9

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

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 5, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), received a written notification (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market, as set forth under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), because the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share for the previous

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-107520

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