WORLDS INC: Nasdaq/NYSE listing notice — Worlds Inc. gets OTCQB delisting notice for sub-$0.01 stock; 90-day cure period

WORLDS INC

Closing bid price below $0.01 for 30 consecutive days violates OTCQB Section 2.3(2).
Cure period ends January 30, 2023; need $0.01 or greater for 10 consecutive trading days.
Immediate removal if bid price falls below $0.001 for five consecutive trading days.
Exploring potential transactions or reverse stock split to meet threshold; no agreements reached.
Discussions are early stage; no assurance of consummation or price increase.

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

WORLDS INC received a otc deficiency notice notice regarding minimum bid price.

Exchange: otc
Notice: deficiency notice
Deficiency: minimum bid price

Exact text from the filing

November 1, 2022, Worlds Inc. (the “Company”) received written notice from the OTC Markets Group (“OTC”) notifying the Company that its common shares, $0.001 par value, closed below $0.01 per share for more than 30 consecutive calendar days and no longer meets the Standards for Continued Eligibility for OTCQB as per the OTCQB Standards, Section 2.3(2), which states that the Company must “maintain proprietary priced quotations published by a Market Maker in OTC Link with a minimum closing bid price of $.01 per share on at least one of the prior thirty consecutive calendar days.” As per Section

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Source: SEC EDGAR

accession 0001264931-22-000181

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