8-K
filed April 24, 2024, 7:59 PM ET
CIK 0001679063
regulatory
confidence high
sentiment negative
materiality 0.80
Chicken Soup for the Soul Entertainment, Inc.: Nasdaq/NYSE listing notice — CSSE receives Nasdaq delinquency letter for late 10-K, plus bid price and fee non-compliance
Chicken Soup for the Soul Entertainment, Inc.
- Received Nasdaq delinquency letter on April 18, 2024 for failure to file 2023 10-K; filed 10-K on April 19, 2024 to cure.
- Preferred stock bid price below $1 for 30 consecutive days; 180-day cure period until October 15, 2024 to regain compliance.
- Received additional notice on April 23, 2024 for unpaid Nasdaq fees (Rule 5250(f)), serving as additional basis for delisting.
- Hearings panel scheduled May 21, 2024 for prior common stock bid price and equity non-compliance; must request stay by April 25.
- Company intends to request stay of suspension and pursue remedies to maintain Nasdaq listing.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Chicken Soup for the Soul Entertainment, Inc. received a nasdaq deficiency notice notice regarding late filing.
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- late filing
Exact text from the filing
April 18, 2024, Chicken Soup for the Soul Entertainment Inc. (the “ Company ”) received a letter (the “ Delinquency Letter ”) from The Nasdaq Stock Market (“ Nasdaq ”) informing the Company that its securities may be delisted from the Nasdaq Capital Market due to the fact the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2023 had not been filed yet. Under Nasdaq rules, a company that receives a delist determination for such a delinquency can request an appeal to a Nasdaq hearings panel (a “ Hearings Panel ”) pursuant to the procedures set forth in the Nasdaq Listing R
View on SEC.gov
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Chicken Soup for the Soul Entertainment, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- minimum bid price
- Rules
- 5550(a)(2)
Exact text from the filing
April 18, 2024, Chicken Soup for the Soul Entertainment Inc. (the “ Company ”) received a letter (the “ Delinquency Letter ”) from The Nasdaq Stock Market (“ Nasdaq ”) informing the Company that its securities may be delisted from the Nasdaq Capital Market due to the fact the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2023 had not been filed yet. Under Nasdaq rules, a company that receives a delist determination for such a delinquency can request an appeal to a Nasdaq hearings panel (a “ Hearings Panel ”) pursuant to the procedures set forth in the Nasdaq Listing R
View on SEC.gov
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Chicken Soup for the Soul Entertainment, Inc. received a nasdaq compliance regained notice regarding late filing (rules 5550(a)(2)).
- Exchange
- nasdaq
- Notice
- compliance regained
- Deficiency
- late filing
- Rules
- 5550(a)(2)
Exact text from the filing
April 24, 2024, the Company issued a press release disclosing receipt of the Delinquency Letter and the Nasdaq rules upon which it is based. A copy of the press release is filed herewith as Exhibit 99.1 hereto. Also on April 18, 2024, the Company received written notice from Nasdaq (the “ Notice ”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because for the prior 30 consecutive business days (April 17, 2024), the closing bid price of the Company’s 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock (“ preferred stock ”) had been below the mi
View on SEC.gov
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