Arcimoto Inc: Nasdaq/NYSE listing notice — Arcimoto receives Nasdaq delisting notice; stock to delist May 1 unless appeal filed

Arcimoto Inc

Letter dated April 22, 2024; delisting effective May 1, 2024 unless Company appeals with $20,000 fee and stays delisting pending hearing.
Failed compliance with Nasdaq Listing Rules 5450(a)(1), 5450(b)(1)(A), 5250(c)(1), and 5250(f); cure period expired.
Also failed to maintain minimum market value of publicly held shares of $15M for 30 consecutive business days; 180-day cure period available.
Appeal panel must decide within 15 calendar days of request; delisting stay is not automatic.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Arcimoto Inc received a nasdaq delisting notice notice regarding other (rules 5450(a)(1), 5450(b)(1)(A), 5250(c)(1), 5250(f)).

Exchange: nasdaq
Notice: delisting notice
Rules: 5450(a)(1), 5450(b)(1)(A), 5250(c)(1), 5250(f)

Exact text from the filing

April 22, 2024, Arcimoto, Inc. (the “Company”) received a letter from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that its common stock is now subject to delisting from Nasdaq. The Company failed to comply with Nasdaq Listing Rules 5450(a)(1), 5450(b)(1)(A), 5250(c)(1) and 5250(f) and did not cure such failure. The common stock will be delisted on May 1, 2024 unless the Company requests an appeal, pays the $20,000 appeal fee and requests a stay of delisting, pending the hearing. The appeal panel will review any such request and

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

Arcimoto Inc received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(2)(c)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(2)(c)

Exact text from the filing

April 22, 2024, Arcimoto, Inc. (the “Company”) received a letter from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that its common stock is now subject to delisting from Nasdaq. The Company failed to comply with Nasdaq Listing Rules 5450(a)(1), 5450(b)(1)(A), 5250(c)(1) and 5250(f) and did not cure such failure. The common stock will be delisted on May 1, 2024 unless the Company requests an appeal, pays the $20,000 appeal fee and requests a stay of delisting, pending the hearing. The appeal panel will review any such request and

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Source: SEC EDGAR

accession 0001213900-24-036195

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