regulatory
confidence high
sentiment negative
materiality 0.75
Nxu receives Nasdaq delisting notice; hearing set for Dec 14, 2023
Nxu, Inc.
- On Oct 10, 2023, Nasdaq notified Nxu of non-compliance with minimum bid price rule (Listing Rule 5550(a)).
- Company requested a hearing, staying delisting action pending panel decision.
- Hearing scheduled for December 14, 2023, before the Nasdaq Hearings Panel.
- Delisting is stayed until final written decision by the Panel.