Boxed, Inc.: Nasdaq/NYSE listing notice — Boxed receives NYSE delisting notice for low market cap and equity; also under $1.00 bid price

Boxed, Inc.

NYSE notified Boxed on Nov 23, 2022 that avg global market cap <$50M and last reported equity <$50M.
Company plans to submit a cure plan by Dec 8, 2022; has 18 months from notice to comply.
Boxed also received Oct 13 NYSE notice for stock price <$1.00; currently within six-month cure period.
No immediate listing impact; NYSE may initiate delisting if plan not timely or accepted.

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 0.95

Boxed, Inc. received a nyse deficiency notice notice regarding other (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Rules: 802.01B

Exact text from the filing

November 23, 2022, Boxed, Inc. (the “Company”) received written notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported stockholders’ equity was less than $50 million. The Company plans to notify the NYSE by December 8, 2022 that it intends to submit a plan to cure the deficiency and to return to compliance with the NYSE continued listing standards. Under th

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Source: SEC EDGAR

accession 0001140361-22-043130

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