ProSomnus, Inc.: Nasdaq/NYSE listing notice — ProSomnus to be delisted from Nasdaq; trading suspended April 18, 2024

ProSomnus, Inc.

Nasdaq notified delisting due to noncompliance with market value ($50M) and bid price ($1.00) rules.
Company withdrew hearing request; trading of common stock and warrants suspended at open on April 18, 2024.
Plans to resume trading on OTC market under symbols OSAP and OSAPW; no assurance of trading continuity.
Delisting will be effective 10 days after Nasdaq files Form 25 with the SEC.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

ProSomnus, Inc. received a nasdaq deficiency notice notice regarding minimum bid price.

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price

Exact text from the filing

April 18, 2024 and that Nasdaq would file a Form 25 with the Securities and Exchange Commission to delist the Company’s common stock and warrants from Nasdaq. The delisting will be effective 10 days after the filing of the Form 25. In light of the impending delisting, the Company is taking steps to resume the quoting and trading of its common stock and warrants on the over the counter “OTC” market under the symbols OSAP and OSAPW, respectively. There can be no assurance that trading in the Company’s securities will commence or continue on the OTC or other market or that such trading will occur

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Source: SEC EDGAR

accession 0001104659-24-048624

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