regulatory
confidence high
sentiment negative
materiality 0.85
Chicken Soup for the Soul Entertainment, Inc.: Nasdaq/NYSE listing notice — Chicken Soup for the Soul Entertainment receives Nasdaq delisting notice for bid price noncompliance
Chicken Soup for the Soul Entertainment, Inc.
- Nasdaq staff determination issued March 25, 2024, to delist securities for failing to regain minimum $1 bid price compliance by March 20, 2024.
- Company also noncompliant with stockholders' equity (<$10M) and MVPHS (<$5M) listing rules as previously disclosed.
- Company intends to appeal delisting by filing hearing request by April 1, 2024, which will stay delisting pending appeal.
- Hearing typically scheduled within 45 days; company considering strategic options but no assurance of regaining compliance.
- Other listed securities (Series A Preferred, Notes, Warrants) also subject to delisting determination.