Chicken Soup for the Soul Entertainment, Inc.: Nasdaq/NYSE listing notice — Chicken Soup for the Soul receives Nasdaq MVPHS deficiency notice; third listing non-compliance

Chicken Soup for the Soul Entertainment, Inc.

Received Nasdaq notice on Feb 8, 2024 for failing minimum $5M MVPHS (30 consecutive business days through Feb 7, 2024).
Company has 180 days (until Aug 6, 2024) to regain compliance by closing at $5M+ MVPHS for 10 consecutive business days.
Previously disclosed bid price non-compliance (Sept 23, 2023; cure by Mar 20, 2024) and stockholders' equity non-compliance (Jan 2, 2024; plan due Feb 20, 2024).
Considering strategic options to increase MVPHS, bid price, and stockholders' equity; no immediate delisting effect.
Tickers: CSSE, CSSEP, CSSEN, CSSEL (Nasdaq); CSSEZ (OTC).

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Chicken Soup for the Soul Entertainment, Inc. received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(1)(C)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(1)(C)

Exact text from the filing

February 8, 2024, Chicken Soup for the Soul Entertainment Inc. (the “ Company ”) received written notice (the “ Letter ”) from the Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that the Company was not in compliance with the continued listing standards of Nasdaq (the “ Rules ”) because the Nasdaq Rule 5450(b)(1)(C) requires listed securities to maintain a minimum market value of publicly held shares (“MVPHS”) of $5,000,000 and, based upon Nasdaq’s review of the MVPHS of the Company’s Class A Common Stock, $0.0001 par value per share (“common stock”), for the last 30 consecutive business days

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Source: SEC EDGAR

accession 0001104659-24-023813

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