Minerva Neurosciences, Inc. (NERV): Nasdaq/NYSE listing notice — Minerva Neurosciences receives Nasdaq delisting determination; intends to request hearing

Minerva Neurosciences, Inc.

Received second Nasdaq notice on May 31 for continued non-compliance with minimum Market Value of Listed Securities ($35M).
Failed to regain compliance by May 30, 2023 deadline; Nasdaq staff determined to delist.
Company intends to request a hearing before Nasdaq Hearings Panel to stay delisting action.
Panel may grant extension up to November 27, 2023; no assurance of regaining compliance.

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 0.9

Minerva Neurosciences, Inc. received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

May 31, 2023, the Company received a second written notice from Nasdaq indicating that, based upon the Company’s continued non-compliance with the Rule, the staff of Nasdaq had determined to delist the Company’s securities from The Nasdaq Capital Market unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the “Panel”). As a result, the Company intends to timely request a hearing before the Panel. The hearing request will stay any suspension or delisting action pending the completion of the hearing and the expiration of any additional extension period granted by the Pane

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Minerva Neurosciences, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-159827

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