Moatable, Inc.: Nasdaq/NYSE listing notice — Moatable receives NYSE delisting notice; ADSs suspended, to trade on OTC Pink

Moatable, Inc.

Delisting notice from NYSE due to average global market cap below $15M over 30 consecutive trading days.
Trading in ADSs suspended immediately; shares to open on OTC Pink market on April 4, 2024.
Company has 10 business days from receipt to appeal NYSE Regulation's determination.
Company evaluating alternatives including applying for OTCQB or OTCQX marketplaces.
Moatable operates two US-based SaaS businesses: Lofty Inc. and Trucker Path Inc.

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 delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

April 3, 2024, Moatable, Inc. (the “Company”) received a notice letter (the “Delisting Notice”) from the staff of NYSE Regulation of the New York Stock Exchange (the “NYSE”) indicating that, NYSE has determined to commence proceedings to delist Company’s American depositary shares (“ADSs”), each representing 45 Class A ordinary shares of the Company, from the NYSE, and that trading in the Company’s ADSs was suspended immediately. NYSE reached its determination to delist the Company’s ADSs pursuant to Section 802.01B of the NYSE’s Listed Company Manual, because the Company had fallen below the

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Source: SEC EDGAR

accession 0001104659-24-043614

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