ECD Automotive Design, Inc.: Nasdaq/NYSE listing notice — ECD Automotive Design receives Nasdaq notice for insufficient market value of publicly held shares

ECD Automotive Design, Inc.

On March 7, 2024, Nasdaq notified ECDA that MVPHS fell below $15M for 30 consecutive days; must submit compliance plan by September 3, 2024.
Previously, on February 14, 2024, Nasdaq cited MVLS below $50M; deadline to regain compliance is August 12, 2024.
Company is evaluating options including submitting a plan or transferring to the Nasdaq Capital Market with less stringent requirements.
No assurance that ECDA will regain compliance with either Nasdaq listing standard or avoid delisting.

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

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

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

Exact text from the filing

March 7, 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 maintain a minimum Market Value of Publicly Held Shares (“MVPHS”) of $15,000,000 which is a requirement for continued listing on The Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(C) (the “MVPHS Requirement”) based upon the Company’s MVPHS for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing

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Source: SEC EDGAR

accession 0001213900-24-021108

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