GAXOS.AI INC. (GXAI): Nasdaq/NYSE listing notice — Gaxos.ai receives Nasdaq delisting notice; trading suspension set for Jan 18, 2024 unless appeal

GAXOS.AI INC.

Nasdaq notified Gaxos.ai on Jan 9, 2024 that it failed to regain compliance with $1 minimum bid price rule.
Company not eligible for second 180-day period because it does not meet minimum stockholders' equity initial listing requirement.
Trading suspension and Form 25-NSE filing scheduled for Jan 18, 2024 unless company appeals to a Hearings Panel.
Company intends to submit a hearing request and a plan including a potential reverse stock split to regain 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

GAXOS.AI INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

January 9, 2024, the Staff notified the Company that it has not regained compliance with Listing Rule 5550(a)(2) and is not eligible for a second 180 day period because the Company does not comply with the minimum stockholders’ equity initial listing requirement for The Nasdaq Capital Market (the “Delisting Determination”). Further, unless the Company requests an appeal of the Delisting Determination to a Hearings Panel (the “Panel”), the Company’s securities will be scheduled for delisting from the Nasdaq Capital Market and will be suspended at the opening of business on January 18, 2024, and

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Source: SEC EDGAR

accession 0001213900-24-002750

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