8-K
filed September 22, 2023, 7:59 PM ET
CIK 0001826671
regulatory
confidence high
sentiment negative
materiality 0.75
Near Intelligence, Inc.: Nasdaq/NYSE listing notice — Nasdaq notifies Near Intelligence of bid price, MVPHS, and MVLS deficiencies; 180-day cure period
Near Intelligence, Inc.
- Received deficiency notices on Sept 18-19, 2023 for bid price (<$1.00), MVPHS (<$15M), and MVLS (<$50M).
- Company has 180 calendar days (until March 18, 2024) to regain compliance on each requirement.
- Appointed Sherman Edmiston III as Class I director and Richard J. Salute as Class III director, effective Sept 19, 2023.
- New directors receive standard compensation: $96K annual cash retainer and RSU awards; Salute gets extra $20K for audit chair.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.85
Near Intelligence, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(a)(1)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- market value
- Rules
- 5450(a)(1)
Exact text from the filing
September 18, 2023, Near Intelligence, Inc. (the “ Company ”) received a letter from the Listing Qualifications Department (the “ Staff ”) of the Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period from August 4, 2023 through September 15, 2023, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1). The letter also indicated that the Company will be afforded a period of 180 c
View on SEC.gov
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.95
Near Intelligence, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- minimum bid price
- Rules
- 5450(a)(1), 5810(c)(3)(A)
Exact text from the filing
September 18, 2023, Near Intelligence, Inc. (the “ Company ”) received a letter from the Listing Qualifications Department (the “ Staff ”) of the Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period from August 4, 2023 through September 15, 2023, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1). The letter also indicated that the Company will be afforded a period of 180 c
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sherman Edmiston III was appointed as Class I Director at Near Intelligence, Inc..
- Action
- appointed
- Role
- Class I Director
Exact text from the filing
the Board of Directors (the “ Board ”) of the Company appointed Sherman Edmiston III to serve as a Class I director of the Company, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard J. Salute was appointed as Class III Director and Audit Committee Chairperson at Near Intelligence, Inc..
- Action
- appointed
- Role
- Class III Director and Audit Committee Chairperson
Exact text from the filing
the Board also appointed Richard J. Salute to serve as a Class III director of the Company, effective immediately.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.