Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.95
Presto Automation Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5450(b)(3)(A), 5810(c)(3)(C), 5450(a)(1)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- market value
- Rules
- 5450(b)(2)(A), 5450(b)(3)(A), 5810(c)(3)(C), 5450(a)(1)
Exact text from the filing
Presto Automation Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with the requirement to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50 million, as set forth in Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Requirement”), because the MVLS of the Company was below $50 million for the 30 consecutive business days prior to the date of the Notice. Nasdaq further indicated that, as of the date of the Notice, the Company did not comply with certain requirements under the alternative
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Xavier Casanova resigned as Chief Executive Officer at Presto Automation Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
On February 4, 2024, Xavier Casanova provided notice to the board of directors of the Company of his decision to resign as Chief Executive Officer ("CEO") of the Company and all other positions held at the Company, effective immediately.
View on SEC.gov