Moatable, Inc.: Nasdaq/NYSE listing notice — Moatable receives NYSE non-compliance letter; ADS average closing price $0.99

Moatable, Inc.

NYSE notified Moatable on Dec 7, 2023, that ADS average closing price was $0.99 over 30 trading days ended Dec 6, 2023.
Company has six months until June 7, 2024, to regain compliance by achieving $1.00 closing price and 30-day average.
Moatable intends to monitor market conditions and is considering options to address the deficiency.
Failure to cure could lead to suspension and delisting of MTBL shares from NYSE.
Notice has no immediate impact on business operations or debt obligations.

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

Moatable, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

December 7, 2023, Moatable Inc. (the “ Company ”) received written notice (the “ Notice ”) from the New York Stock Exchange (the “ NYSE ”) that the Company is below compliance criteria pursuant to the continued listing standards set forth in Section 802.01C of the NYSE Listed Company Manual as the average closing price of the Company’s American depositary shares (the “ ADSs ”) is less than US$1.00 over a consecutive 30 trading-day period. In accordance with applicable NYSE procedures, the Company plans to notify the NYSE its intent to cure the deficiency. Pursuant to Section 802.01C of the NYS

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Source: SEC EDGAR

accession 0001104659-23-125173

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