Cuentas Inc. (CUEN): Nasdaq/NYSE listing notice — Cuentas receives Nasdaq delisting notice for equity rule non-compliance; trading suspended Dec. 20

Cuentas Inc.

Nasdaq notified Cuentas on Dec. 18, 2023 that common stock (CUEN) and warrants (CUENW) will be suspended from Dec. 20, 2023 for failing Listing Rule 5550(b).
The Nasdaq Hearings Panel determined to delist; company intends to appeal within 15 days but appeal does not stay suspension.
Trading expected to move to OTC Pink Current Information tier under symbol CUEN as of Dec. 20; company to seek OTCQB or OTCQX quotation.

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 0.95

Cuentas Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)

Exact text from the filing

December 18, 2023, the Company received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that trading of its common stock and warrants will be suspended as of the opening of business on December 20, 2023 (the “Delisting Letter). The Panel was concerned that the Company is unable to regain and/or maintain compliance with the Equity Rule (the “Equity Rule”), or any of the alternatives, under Listing Rule 5550(b). Accordingly, the Nasdaq Hearings Panel has determined to delist the Company’s shares and warrants from Nasdaq. Nasdaq will complete the delisting by fili

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Cuentas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-096878

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