ID Auto, Inc.: Nasdaq/NYSE listing notice — NYSE American accepts PARTS iD compliance plan; deadline Nov 2024

ID Auto, Inc.

Company received notice on Aug 8 that its compliance plan was accepted by NYSE American.
Must regain compliance with Sections 1003(a)(i) and (ii) by November 23, 2024.
Equity thresholds: $2M (losses 2 of 3 years) or $4M (losses 3 of 4 years).
Failure to meet plan progress or final deadline could trigger delisting.
Stock continues trading under ID with '.BC' designation indicating non-compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

ID Auto, Inc. received a nyse_american noncompliance notice notice regarding stockholders equity (rules 1003(a)(i), 1003(a)(ii)).

Exchange: nyse american
Notice: noncompliance notice
Deficiency: stockholders equity
Rules: 1003(a)(i), 1003(a)(ii)

Exact text from the filing

August 8, 2023, the Company received a letter from the Exchange notifying the Company that the Plan was accepted. The Exchange has granted the Company a plan period through November 23, 2024 to regain compliance with the continued listing standards. If the Company is not in compliance with the continued listing standards by that date or if the Company does not make progress consistent with the Plan during the plan period, the Exchange may commence delisting procedures. The Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”) will continue to be listed on the Exchang

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Source: SEC EDGAR

accession 0001213900-23-067110

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