REMARK HOLDINGS, INC.: Nasdaq/NYSE listing notice — Remark Holdings receives Nasdaq delisting notice for failing continued listing standards

REMARK HOLDINGS, INC.

Received Nasdaq notice on April 27, 2023 for failing net income, equity ($2.5M), or market value ($35M) standards.
Must submit compliance plan within 45 days, by June 12, 2023.
If plan accepted, Nasdaq may allow up to 180-day extension from April 27 to regain compliance.
Stock remains listed and traded during cure period, subject to other continued listing requirements.

Key facts

Extracted from this filing and checked against the source text.

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

REMARK HOLDINGS, INC. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(3), 5550(b), 5810(c)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(3), 5550(b), 5810(c)(2)(A)

Exact text from the filing

April 27, 2023, Remark Holdings, Inc. (“we”, “us” or “our”) received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying us that, pursuant to Nasdaq Listing Rule 5550(b)(3), we are required to maintain a minimum of $500,000 in net income from continuing operations in the most recently completed fiscal year, or two of the last three fiscal years (the “Net Income Standard”). Since our Form 10-K for the period ended December 31, 2022 reported net loss from continuing operations, and as of April 25, 2023, we did not meet the alternative c

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Source: SEC EDGAR

accession 0001368365-23-000031

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