ECD Automotive Design, Inc.: Nasdaq/NYSE listing notice — ECD Auto Design gets Nasdaq notice for MVLS non-compliance; 180 days to cure

ECD Automotive Design, Inc.

Received Nasdaq notice on Feb 14, 2024 for failing $50M market value of listed securities requirement.
Has 180 calendar days until August 12, 2024 to regain compliance.
To cure, MVLS must close at $50M or more for at least 10 consecutive business days.
Alternatively, may apply to transfer listing to Nasdaq Capital Market before deadline.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ECD Automotive Design, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

February 14, 2024, ECD Automotive Design Inc., a Delaware corporation (the “Company”), received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company’s listed securities failed to comply with the $50,000,000 market value of listed securities (“MVLS”) requirement for continued listing on The Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(A) based upon the Company’s MVLS for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq and in

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Source: SEC EDGAR

accession 0001213900-24-014962

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