Alternus Clean Energy, Inc. (ALCE): Nasdaq/NYSE listing notice — Alternus Clean Energy receives Nasdaq MVLS deficiency notice; has until Nov 4 to regain compliance

Alternus Clean Energy, Inc.

Nasdaq notified Alternus that its Market Value of Listed Securities (MVLS) has been below $35M minimum for 30 consecutive business days.
Company has until November 4, 2024 to regain compliance; MVLS must close at $35M+ for ten consecutive business days.
Alternus can alternatively meet compliance by demonstrating minimum stockholders' equity of $2.5M.
If non-compliant by deadline, Nasdaq will issue delisting notice; company may appeal to a Hearings Panel.
Management will monitor MVLS and evaluate options, but no assurance of regaining 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

Alternus Clean Energy, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

May 6, 2024, Alternus Clean Energy, Inc. (the “Company”) received a letter from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the Company’s minimum Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq listing rule 5550(b)(2). The notice has no immediate effect on the listing of the Company’s common stock, and the Company’s common stock continues to trade on the Nasdaq Capital Market un

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Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-040928

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